Shift4 Payments, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
Market research firm Blue Orca Capital released a report on April 19, 2023, which accused Shift4 of utilizing a series of questionable accounting practices to keep the stock price up, including cash flow manipulation and unusual distributor acquisitions that allowed the company to capitalize a major component of cost of goods sold. The report also claimed that Shift4’s CEO engaged in aggressive stock promotion, claiming that the company was undervalued and that he was considering taking it private, while at the same time selling more than a million shares in 2022 and planning to dispose of up to two million shares in conjunction with the closing of his variable prepaid forward contract. Shift4’s stock price plummeted on the day of the report’s release.