Shift4 Payments News: Johnson Fistel Urges Shareholders to Contact the Firm Regarding Class Action Investigation

SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson Fistel, LLP is investigating whether Shift4 Payments, Inc. ("Shift4" or the "Company") (NYSE: FOUR) investors' losses may be recovered under the federal securities laws.

What if I purchased Shift4 common stock? If you purchased Shift4 common stock and suffered significant losses on your investment, join our investigation now:

Click or paste the following web address into your browser to submit your losses:

https://www.johnsonfistel.com/investigations/shift4-payments-inc

Or for more information, contact Jim Baker at [e-mail] or [phone].

There is no cost or obligation to you.

What is Johnson Fistel investigating? On April 19, 2023, Blue Orca Capital issued a report outlining its concerns with Shift4 Payments. The report alleges that “its CEO faced the threat of a margin call from an unusually large series of stock pledges, creating an existential threat that he would be forced to liquidate up to 10 million shares (12% of diluted shares outstanding).” As a result, Blue Orca alleges that “With the specter of a margin call hanging over the stock, we think that Shift4 engaged in a string of highly questionable and hyper aggressive accounting maneuvers seemingly designed to keep the stock afloat, from cash flow manipulation to inexplicable distributor acquisitions that enabled it to capitalize a major component of COGS.”

What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at [phone] or [e-mail].