Investigation Overview
An investigation on behalf of investors of Farfetch Limited (NYSE: FTCH) shares over potential securities laws violations by Farfetch Limited and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Farfetch Limited (NYSE: FTCH) concerning whether a series of statements by Farfetch Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
London based Farfetch Limited, through its subsidiary, Farfetch.com Limited, provides an online marketplace for luxury goods in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. On August 8, 2019, Farfetch Limited reported second quarter losses that were larger than expected as well as the resignation of its COO in 2020.
Shares of Farfetch Limited (NYSE: FTCH) declined to as low as $9.22 per share on August 9, 2019.