Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of those who purchased or acquired the securities of EventBrite (NASDAQ: EB) between September 30, 2018 and March 7, 2019. The lawsuit seeks to recover EventBrite shareholders’ investment losses.
If you purchased shares of EventBrite between September 30, 2018 and March 7, 2019 and would like to join the action, please click “Join Class Action” above.
Bernstein Liebhard LLP announced today that a class action has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities (the “Class”) who purchased the securities of EventBrite during the Class Period, including pursuant to the IPO. The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11 and 15 of the Securities Act of 1933.
EventBrite is a California-based event management and ticketing website. On September 20, 2018, the Company filed its prospectus in connection with the IPO. In the prospectus, Defendants made numerous misrepresentations about the Company’s acquisition of Ticketfly, LLC (“Ticketfly”), which the Company purportedly acquired to expand EventBrite’s solutions for music-related events. Defendants also made misstatements during the Class Period relating to the Company’s 3Q18 financial results. On March 7, 2019, the Company surprised the market by revealing that the integration of Ticketfly would negatively impact the Company’s growth and revenue. On this news, EventBrite’s share price fell over 24% ($7.96) to close at $24.46 on March 8, 2019.
Plaintiff seeks to recover damages on behalf of all Class members who invested in EventBrite securities during the Class Period, including in the IPO. If you invested in EventBrite securities as described above, and lost money on the transactions, you may wish to join in this action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than June 14, 2019.
A “lead plaintiff” is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as lead plaintiff. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Bernstein Liebhard LLP, or other counsel of your choice, to serve as your counsel in this action.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients. The Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and been listed in The Legal 500 for ten consecutive years.
You can obtain a copy of the complaint from the clerk of the court for the United States District Court for the Northern District of California.
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SOURCE Bernstein Liebhard LLP