An investigation on behalf of current long term investors in Lyft, Inc. (NASDAQ: LYFT) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: LYFT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/20/2019 -- Certain directors of Lyft, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Lyft, Inc. (NASDAQ: LYFT) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: LYFT stocks follows a lawsuit filed against Lyft, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: LYFT stocks, concerns whether certain Lyft directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants made false and misleading statements in Lyft's registration statement and prospectus issued in connection with the company's March 29, 2019 initial public offering. The alleged misstatements involve Lyft's claims about its domestic market share, failure to disclose issues surrounding the safety of the company's bike sharing program, and labor issues.
Those who purchased shares of Lyft, Inc. (NASDAQ: LYFT) 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 contact 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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