Shareholder Alert: Robbins Arroyo LLP Is Investigating the Officers and Directors of Slack Technologies, Inc. (WORK) on Behalf of Shareholders

Sep 06, 2019 08:22 pm

Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Slack Technologies, Inc. (NYSE: WORK) violated federal securities law. Slack Technologies operates Slack, a business technology platform in the United States and internationally.

If you suffered a loss as a result of Slack's misconduct, click here.

Slack Technologies, Inc. (WORK) Predicts Large Loss for Next Quarter

On September 4, 2019, in its first earnings report since going public in June 2019, Slack reported a GAAP operating loss of $363.7 million for its second quarter fiscal year 2020, $330 million more than its $33.7 million loss in the second quarter of fiscal year 2019. The financial report also went on to predict another significant loss – wider than Wall Street expectations – for third quarter fiscal year 2020. Slack's stock opened at $26.47 the next day, a drop of 31% from its initial June 2019 trading price of $38.62.

Slack Technologies, Inc. (WORK) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
Shareholder Information Form

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click Here to receive free alerts from Stock Watch when companies engage in wrongdoing.

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Leonid Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
(619) 525-3990 or Toll Free (800) 350-6003