The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Eventbrite, Inc. (NYSE: EB) who purchased shares (a) pursuant and/or traceable to the September 2018 Initial Public Offering; and/or (b) between September 20, 2018 and March 7, 2019. The complaint was filed in the United States District Court for the Northern District of California.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s migration of customers from Ticketfly to Eventbrite was progressing slower than expected; (2) as a result, the Ticketfly integration would take longer than expected; (3) as a result, the Company’s revenue and growth would be negatively impacted; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Shareholders have until June 17, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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