Shopify Inc. (NYSE: SHOP)

DEFENDANT NAME: Shopify Inc.
STOCK SYMBOL: NYSE: SHOP
CASE NUMBER:
COURT:
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD:
LEAD PLAINTIFF DEADLINE:
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 SHOP@hbsslaw.com

Hagens Berman alerts investors in Shopify Inc. (NYSE: SHOP) to the firm’s investigation into possible securities law violations.

If you purchased or otherwise acquired securities of SHOP before October 4, 2017 and suffered losses contact SHOP@hbsslaw.com.

On October 4, 2017, Citron Research published a stinging report questioning the legality of Shopify’s business practices.  The same day, Bloomberg reported that Citron urged the U.S. Federal Trade Commission (“FTC”) to look at Shopify’s claims that its members can quit their jobs and become millionaires.

This news drove the price of Shopify shares down as much as 10.3%, or over $12.00, during intraday trading on October 4, 2017.

“We’re focused on the matters Citron Research raises and whether Shopify has misled its investors,” said Hagens Berman partner Reed Kathrein.

Whistleblowers: Persons with non-public information regarding Shopify should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new SEC Whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email SHOP@hbsslaw.com.


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10/04/17: Investigation