LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against MINDBODY, Inc. (“MINDBODY” or “the Company”) (NASDAQ: MB) for violations of the federal securities laws.
Investors who sold the Company's securities between November 7, 2018 and February 15, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before November 4, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. MINDBODY and other defendants devised a scheme to artificially suppress the value of the Company’s stock in advance of Vista’s merger offer. The Company’s scheme included the negative guidance it issued on November 6, 2018. The merger offer included a “goshop” provision to prevent superior offers from other organizations. Based on Vista’s request, the Company did not release its favorable fourth quarter 2018 results. Based on these facts, the merger price was not fair, and opinions on its fairness were based on incomplete information. When the market learned the truth about MINDBODY, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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