An investigation for investors in Dropbox, Inc. (NASDAQ: DBX) shares over potential securities laws violations by Dropbox, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/06/2019 -- An investigation on behalf of investors of Dropbox, Inc. (NASDAQ: DBX) shares over potential securities laws violations by Dropbox, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of Dropbox, Inc. (NASDAQ: DBX), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Dropbox, Inc. (NASDAQ: DBX) concerning whether a series of statements by Dropbox, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Dropbox, Inc. provides a collaboration platform worldwide. On or about March 23, 2018, Dropbox, Inc sold 36 million shares of stock in its initial public stock offering (the "IPO"), at $21.00 a share raising $756,000,000 in new capital. On August 8, 2019, Dropbox, Inc reported second-quarter fiscal 2019 results. For the quarter, the Company reported revenue of $410.4 million below analysts' average estimate of $420.3 million. Following this news, Dropbox stock fell 12.8% on August 9, 2019.
Those who purchased shares of Dropbox, Inc. (NASDAQ: DBX) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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