LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Shopify Inc. (“Shopify” or the “Company”) (NYSE: SHOP) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at firstname.lastname@example.org.
On October 4, 2017, Citron Research published a report characterizing Shopify as “a completely illegal get-rich quick scheme.” The report alleged that Shopify inaccurately described its relationship with certain affiliates, stating, in part: “Shopify calls these affiliates ‘partners.’ We call them promoters selling business opportunities.” The report compared the Company’s business practices to those of Herbalife Ltd., a company that recently paid $200 million and agreed to an order “prohibit[ing] Herbalife from misrepresenting distributors’ potential or likely earnings” to settle Federal Trade Commission charges. Upon release of this information, shares of Shopify fell in value.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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