SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Shopify Inc. - SHOP

NEW YORK, Oct. 4, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Shopify Inc.("Shopify" or the "Company") (NYSE:   SHOP).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Shopify and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here to join a class action]

On October 4, 2017, Citron Research published a report characterizing Shopify as "a completely illegal get-rich quick scheme."  The report alleged, among other things, that Shopify inaccurately described the Company's relationship with certain affiliates, stating, in part: "Shopify calls these affiliates 'partners.'  We call them promoters selling business opportunities."  The Citron reported compared Shopify's business practices to those of Herbalife Ltd. ("Herbalife"), a company that recently paid $200 million and agreed to an order "prohibit[ing] Herbalife from misrepresenting distributors' potential or likely earnings" to settle Federal Trade Commission charges. 

On this news, Shopify's share price has fallen $13.91, or 11.91%, to close at $102.90 on October 4, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

View original content:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-shopify-inc---shop-300531388.html

SOURCE Pomerantz LLP