NEW YORK, March 3, 2021 / PRNewswire / –
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of the securities of fuboTV Inc. (NYSE: FUBO) between March 23, 2020 and January 4, 2021, including (the “Remedy Period”), of the material April 19, 2021 lead applicant time limit.
SO WHAT: If you purchased any securities from fuboTV during the Class Period, you may be entitled to compensation without payment of any fees or out-of-pocket expenses through a contingency fee arrangement.
WHAT TO DO NEXT: To join the fuboTV class action, visit http://www.rosenlegal.com/cases-register-2038.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information on the class action. A class action has already been filed. If you want to act as the principal applicant, you must move the court not later than April 19, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the group in the direction of the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with a proven track record in leadership roles. Often, companies that issue opinions do not have comparable experience or resources. Rosen law firm represents investors around the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm completed the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 3 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained $ 438 million for investors. In 2020 founding partner Laurence Rosen was appointed by law360 as titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the Class Period made false and / or misleading statements and / or failed to disclose that: (1) the growth in subscriber numbers and profitability of fuboTV was unsustainable after the seasonal surge in subscription levels; (2) fuboTV’s product offering was subject to undisclosed cost increases; (3) fuboTV was unable to compete and play successfully as a sports book operator and could not capitalize on its sole sports betting opportunity; (4) fuboTV’s data and inventory has not been differentiated to enable fuboTV to meet long-term advertising growth goals and forecasts; (5) the valuation of fuboTV was overestimated given its total revenues and subscription levels; (6) the acquisition of Balto Sport did not provide synergies, internal expertise and did not extend fuboTV’s addressable market to online sports betting; and (7) therefore, the defendants’ public statements were materially false and / or misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the fuboTV class action, visit http://www.rosenlegal.com/cases-register-2038.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is accredited, you are not represented by a lawyer, unless you retain one. You can choose the board of your choice. You can also remain an absent student and do nothing at this point. The ability of an investor to participate in a possible future recovery does not depend on its role as lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, PA