{"id":962260,"date":"2026-05-13T10:19:41","date_gmt":"2026-05-13T14:19:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pins-investor-alert-pinterest-securities-fraud-lawsuit-investors-with-losses-may-seek-to-lead-the-class-action-after-ceo-cfo-allegedly-misled-investors-levi-korsinsky-2\/"},"modified":"2026-05-13T10:19:41","modified_gmt":"2026-05-13T14:19:41","slug":"pins-investor-alert-pinterest-securities-fraud-lawsuit-investors-with-losses-may-seek-to-lead-the-class-action-after-ceo-cfo-allegedly-misled-investors-levi-korsinsky-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pins-investor-alert-pinterest-securities-fraud-lawsuit-investors-with-losses-may-seek-to-lead-the-class-action-after-ceo-cfo-allegedly-misled-investors-levi-korsinsky-2\/","title":{"rendered":"PINS Investor Alert: Pinterest Securities Fraud Lawsuit – Investors With Losses May Seek to Lead the Class Action After CEO CFO Allegedly Misled Investors: Levi & Korsinsky"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Important Information Regarding Section 20(a) Individual Liability Claims<\/i>\n <\/p>\n

\n NEW YORK<\/span>, May 13, 2026<\/span> \/PRNewswire\/ — Levi & Korsinsky, LLP alerts investors in Pinterest, Inc. (NYSE: PINS) of a pending securities class action naming CEO William Ready and CFO Julia Brau Donnelly as individual defendants under Section 20(a) of the Securities Exchange Act of 1934.<\/p>\n

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Class Period: February 7, 2025 through February 12, 2026<\/p>\n

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\n Find out if you qualify to recover losses from the PINS class action<\/a>
\n <\/u>\u00a0or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/a><\/u>\u00a0| (212) 363-7500.<\/p>\n

Pinterest shares lost a cumulative $12.77 per share across three corrective disclosures, closing at $15.42 on February 13, 2026. The Court has set May 29, 2026 as the deadline to apply for lead plaintiff appointment.<\/p>\n

\n The Named Individual Defendants<\/b>\n <\/p>\n

William Ready has served as Pinterest’s Chief Executive Officer at all relevant times during the Class Period. Julia Brau Donnelly has served as Chief Financial Officer at all relevant times. Both officers possessed the power and authority to control the contents of Pinterest’s SEC filings, press releases, and earnings call statements, the pleading asserts.<\/p>\n

As the two most senior executives at Pinterest, Ready and Donnelly allegedly<\/span> had direct access to material nonpublic information about the deteriorating advertising revenue environment and the growing impact of tariff-related margin pressure on the Company’s largest retail and CPG advertising partners.<\/p>\n

\n Section 20(a) Control Person Framework<\/b>\n <\/p>\n

Section 20(a) of the Exchange Act imposes liability on individuals who act as “controlling persons” of a company that violates Section 10(b). As averred in the complaint, both Ready and Donnelly:<\/p>\n