Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against fuboTV, Inc.
LEAD PLAINTIFF DEADLINE IS APRIL 19, 2021
NEW YORK, Feb. 18, 2021 (GLOBE NEWSWIRE) – Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the U.S. District Court for the southern borough of New York for investors that will date from March 23, 2020 through March 4, 2020 inclusive. Purchased or otherwise acquired common stock of fuboTV, Inc. (“Fubo” or “Company”) (NYSE: FUBO) on January 1, 2021 (the “Class Period”).
All investors who bought shares of fuboTV, Inc. and any losses incurred are requested to contact the company immediately email@example.com or (800) 575-0735 or (212) 545-4774. You can get additional information about the promotion or Join the case on our website, www.whafh.com.
If you have suffered losses in the stocks of fuboTV, Inc. You may, no later than April 19, 2021, Ask the court to appoint you as the lead plaintiff in the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in fuboTV, Inc.
CLICK HERE TO JOIN CASE
The complaint filed alleges that throughout the class period, defendants made materially false and / or misleading statements and did not communicate anything to investors:
- Fubo’s growth in subscribers and profitability was unsustainable after the one-time seasonal surge.
- Fubo’s product range would be subject to an escalation of costs.
- Fubo has not been able to successfully compete and act as a sports betting provider and fail to take advantage of its online sports betting opportunity.
- Fubo data and inventory were not differentiated to help Fubo meet its long-term advertising growth goals.
- Fubo’s valuation has been overrated given its overall sales and subscription levels. and
- The Balto Sports acquisition did not deliver the stated synergies and in-house expertise, nor did it expand the company’s addressable market to include sports betting.
On December 23, 2020, Lightshed Partners analyst Richard Greenfield initiated coverage of Fubo with a sales rating and a target price of $ 8 for one year. In connection with the introduction of the coverage, Lightshed described the prospect of Fubo being successful in sports betting as “pure fantasy”. Lightshed also stated that the company “[may be] The most compelling short we’ve ever identified in our career as an analyst.
In that news, Fubo’s shares fell $ 11.90, or 21.22%, in two days, trading at $ 44.18 on December 24, 2020.
Wolf Haldenstein has extensive experience prosecuting class and derivative disputes in state and federal courts and appeals courts across the country. The firm has lawyers in various fields of activity; and offices in New York, Chicago and San Diego. This firm’s reputation and expertise in shareholder and other class disputes has been recognized repeatedly by the courts who have appointed them to key positions in complex securities, multi-district and consolidated litigation.
If you would like to discuss this campaign or if you have any questions about your rights and interests in this case, please contact Wolf Haldenstein immediately by telephone at (800) 575-0735, by email at firstname.lastname@example.org or visit our website on www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, director of case and financial analysis
Email: email@example.com, firstname.lastname@example.org, or email@example.com
Tel .: (800) 575-0735 or (212) 545-4774
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.