NEW
YORK, Oct. 17, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Shift4
Payments, Inc..
Shareholders who purchased shares of FOUR during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/shift4-loss-submission-form/?id=51763&from=4
CLASS PERIOD: November 10,
2021 to April 18, 2023
ALLEGATIONS: The complaint alleges that during the
class period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) Shift4 had
inadequate disclosure controls and procedures and internal control
over financial reporting; (ii) as a result, Shift4 failed to
properly account for customer acquisition costs, thereby
artificially inflating its net cash provided by operating
activities; (iii) accordingly, Shift4 would likely be forced to
restate one or more of its previously issued financial statements;
(iv) Shift4 employed accounting maneuvers in connection with, among
other things, its mass strategic buyout program and sponsor bank
merchant settlement account, that were designed to present an
inaccurate picture of, inter alia, the Company's performance, its
underlying business quality, and its earnings power; (v) all the
foregoing, once revealed, was likely to negatively impact Shift4's
reputation and business; and (vi) as a result, the Company's public
statements were materially false and misleading at all relevant
times.
DEADLINE: October 19, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/shift4-loss-submission-form/?id=51763&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of FOUR during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is October 19, 2023. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross
Law Firm is committed to ensuring that companies adhere to
responsible business practices and engage in good corporate
citizenship. The firm seeks recovery on behalf of investors who
incurred losses when false and/or misleading statements or the
omission of material information by a company lead to artificial
inflation of the company's stock. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm