Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against fuboTV Inc. – FUBO

NEW YORK, February 24, 2021 (GLOBE NEWSWIRE) – Zhang Investor Law announces class action lawsuit on behalf of shareholders who purchased between March 23, 2020 and January 4, 2021, including shares in fuboTV Inc. (NYSE: FUBO) (the “Class Period”).

To participate in the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=fubotv-inc&id=2592 or call Sophie Zhang, Esq. toll free at 800-991-3756 or email info@zhanginvestorlaw.com for information about the class action.

If you would like to participate in this class action, please enter your details here. http://zhanginvestorlaw.com/join-action-form/?slug=fubotv-inc&id=2592

If you want to appear as the lead plaintiff, you must go to court April 19, 2021 DEADLINE. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute.

According to the lawsuit, throughout the class period, the defendants made false and / or misleading statements and / or failed to disclose that Fubo’s growth in subscribers and profitability was unsustainable after the seasonal rise in subscription levels. Fubo’s product range was subject to cost increases not mentioned. Fubo could not successfully compete and appear as a sports betting operator and not use its only sports betting option. Fubo’s valuation has been overrated given its overall sales and subscription levels. The Balto Sport acquisition did not provide the stated synergies and in-house expertise, nor did it expand the company’s addressable market to include online sports betting. As a result, the defendants’ public statements were materially false and / or misleading at all relevant times. When the real details hit the market, the lawsuit alleged that investors suffered damage.

Lead plaintiff status is not required to apply for compensation. You can keep an attorney of your choice. You can remain an absent class member and take no action at this point.

Zhang Investor Law represents investors worldwide. Lawyer advertising. Previous results do not guarantee similar results.

Zhang Investor Law PC
99 Wall Street, Suite 232
New York, New York 10005
Tel .: (800) 991-3756

Comments are closed.