NEW YORK, May 09, 2019 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds stockholders of the ongoing investigation into potential claims on behalf of purchasers of Lyft, Inc. (“Lyft” or the “Company”) (NASDAQ: LYFT). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/lyft.
The investigation concerns whether Lyft and certain of its officers and/or directors have violated federal securities laws.
On March 28, 2019, Lyft conducted an initial public offering (“IPO”), offering 32.5 million shares to the public priced at $72.00 per share. Subsequent to the IPO, news emerged that more than 1,000 of the bicycles in Lyft’s rideshare program suffered from safety issues that would lead to their recall, and that Lyft’s claimed ridesharing market position was overstated. Since the IPO, Lyft’s stock price has fallen as low as $56.11 per share, representing a decline of roughly 22% from the $72.00 offering price.
If you are aware of any facts relating to this investigation, or purchased Lyft shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/lyft. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com