Practice Area:
Stock Symbol:
FTCH
Case Status:
Investigations
Class Period:
May 16, 2019 to August 8, 2019
Ademi & O’Reilly, LLP is investigating possible securities fraud claims against Farfetch Limited (NYSE: FTCH) resulting from inaccurate statements Farfetch made regarding its business practices, financial statements and prospects.
The investigation focuses on whether Farfetch issued false and misleading statements regarding its business practices and prospects. Specifically, on May 16, 2019, Farfetch reassured investors of excellent growth prospects. However, a little less than three months later, on August 8, 2019, Farfetch reported wider-than-expected losses, including from Farfetch's recent acquisition of New Guards Group. Farfetch also announced that its Chief Operating Officer was leaving.