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PINS ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of January 22, 2021 in the Class Action Filed on Behalf of Pinterest, Inc. Limited Shareholders

Newsfile Corp.
·1 min read

New York, New York--(Newsfile Corp. - January 22, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Pinterest, Inc. (NYSE: PINS) alleging that the Company violated federal securities laws.

Class Period: May 16, 2019 and November 1, 2019
Lead Plaintiff Deadline: January 22, 2021

Learn more about your recoverable losses in PINS:
http://www.kleinstocklaw.com/pslra-1/pinterest-inc-loss-submission-form?id=12368&from=5

The filed complaint alleges that Pinterest, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's addressable market in the U.S. was reaching its maximum capacity; (ii) which significantly decelerated Pinterest's future ability to monetize on U.S. average revenue per user; (iii) Pinterest was at an increased risk of losing advertising revenue; (iv) and as a result, Defendants' public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.

Shareholders have until January 22, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

For additional information about the PINS lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72635