IMPORTANT SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Twitter, Inc. & Encourages I...
17 Septembre 2016 - 10:27AM
Business Wire
Khang & Khang LLP (the “Firm”) announces a class action
lawsuit has been filed against Twitter, Inc. (“Twitter” or the
“Company”) (NYSE: TWTR). Investors who purchased or otherwise
acquired shares between February 6, 2015 and July 28, 2015
inclusive (the “Class Period”), are encouraged to contact the Firm
prior to the November 15, 2016 lead plaintiff motion
deadline.
If you purchased shares of Twitter during the Class Period,
please contact Joon M. Khang, Esquire, of Khang & Khang LLP,
18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone:
(949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, the Company
made materially false and/or misleading statements and/or failed to
disclose: that by early 2015 daily active users had replaced the
timeline views metric as the primary user engagement metric tracked
internally by Twitter management; that the trend in user engagement
growth was flat or declining; that new product initiatives were not
having a significant impact on monthly active users or user
engagement; that the Company’s stated “acceleration” was the result
of low-quality monthly active user growth; and that Twitter lacked
a basis for its previously issued projections of
approximately 20% monthly active user growth and 550 million
monthly active users in the immediate term.
If you wish to learn more about this lawsuit, or if
you have any questions regarding this notice or your rights, please
contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or via e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160917005011/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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