The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against fuboTV Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Los Angeles, Calif .– (Newsfile Corp. – March 11, 2021) – Schall law firm, a national shareholder rights law firm, has announced it has filed a class action lawsuit against fuboTV Inc. (“fuboTV” or “the Company”). ) (NYSE: FUBO) for violating Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 issued by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between March 23, 2020 and January 4, 2021 (including the “Class Period”) are advised to contact the Company before April 19, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at email@example.com.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. FuboTV’s growth in terms of profitability and subscribers was unsustainable after the seasonal surge in subscriber numbers. The company’s product offering suffered from undisclosed cost increases. The company was unable to successfully use its sports betting opportunity or operate successfully as a sports betting company. The company has not been able to deliver long-term growth in advertising revenue. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about fuboTV, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
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Brian Schall, Esq.,
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The source version of this press release can be found at https://www.newsfilecorp.com/release/76893