Investigation of Farfetch Limited
Shareholder Alert: Robbins LLP Reminds Investors it is Investigating the Officers and Directors of Farfetch Limited (FTCH)
September 6, 2019 (San Diego, CA & London, United Kingdom) – Shareholder rights law firm Robbins LLP reminds shareholders that it is investigating whether certain officers and directors of Farfetch Limited (NYSE: FTCH) breached their fiduciary duties to shareholders. On August 8, 2019, Farfetch reported a larger-than-expected loss of $89.8 million for second quarter 2019. In addition to its disappointing financials, Farfetch announced a $675 million acquisition of New Guards Group and the resignation of its Chief Operating Officer. On this news, Farfetch’s share price fell $8.12, over 44%, to close at $10.13 on August 9, 2019. Since then, the stock has continued to decline and currently trades at $9.32 a share. Farfetch provides an online marketplace for luxury goods.
Farfetch Limited (FTCH) Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can send us a message via the Shareholder Information form below.