Suing Slack

Shareholders sued Slack Technologies in a class action, claiming it made misrepresentations in its IPO announcement and registration, and the share price fell from $38.50 on opening day of June 20 to less than $26 today — a <a href="http://www.courthousenews.com/wp-content/uploads/2019/09/Suing-Slack.pdf"><strong>loss of $1.48 billion in market cap</strong></a>, in San Mateo County Court.

REDWOOD CITY, Calif. — Shareholders sued Slack Technologies in a class action, claiming it made misrepresentations in its IPO announcement and registration, and the share price fell from $38.50 on opening day of June 20 to less than $26 today — a loss of $1.48 billion in market cap , in San Mateo County Court.

Categories / Securities, Technology

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