SAN DIEGO & LONDON–(BUSINESS WIRE)–$FTCH #ClassAction–Shareholder rights law firm Robbins Arroyo LLP reminds shareholders that it is investigating whether certain officers and directors of Farfetch Limited (NYSE: FTCH) breached their fiduciary duties to shareholders. On August 8, 2019, Farfetch reported a larger-than-expected loss of $89.8 million for second quarter 2019. In addition to its disappointing financials, Farfetch announced a $675 million acquisition of New Guards Group and the resignation of its Chief Operating Officer. On this news, Farfetch’s share price fell $8.12, over 44%, to close at $10.13 on August 9, 2019. Farfetch provides an online marketplace for luxury goods.
If you own shares of Farfetch and have suffered a loss, click here.
Farfetch Limited (FTCH) Shareholders Have Legal Options
Contact us to learn more:
Leo Kandinov
(800) 350-6003
[email protected]
Shareholder Information Form
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.
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Contacts
Leo Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
[email protected]
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
