Investigation Overview
An investigation on behalf of investors of salesforce.com, inc. (NYSE: CRM) shares over potential securities laws violations by salesforce.com, inc. 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 salesforce.com, inc. (NYSE: CRM) concerning whether a series of statements by salesforce.com, inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. salesforce.com, inc. In March 2019, 50 women sued SalesForce, claiming it helped Backpage in sex trafficking. The lawsuit paints a dark picture of Salesforce, which has long touted human rights and building technology for the greater good. The lawsuit claims that behind closed doors, Salesforces data tools were prodiving the backbone of Backpages exponential growth. More specifically, the plaintiffs allege that SalesForce didnt just provide Backpage with a customer-ready version of its data and marketing tools, but Salesforce designed and implemented a heavily ustomized enterprise database tailored for Backpages operations, both locally and internationally and the with Salesforces guidance, Backpages was allaedlgy able to use Salesforces tools to market to new users, that is, pimps, johns, and traffickers on three continents.
The plaintiffs say the Salesforce allegedly knew the scourge of sex trafficking because it sought publicity for trying to stop it, but at the same time, this publicly traded company was, in actuality, amon the vilest of rogus companies, concerned only with their bottom line.