{"id":99194,"date":"2023-04-30T05:00:05","date_gmt":"2023-04-30T05:00:05","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=fa07bc7651c6b855278885c1a98ab312"},"modified":"2023-04-30T05:00:05","modified_gmt":"2023-04-30T05:00:05","slug":"loss-alert-rosen-top-ranked-global-counsel-encourages-shift4-payments-inc-investors-to-inquire-about-securities-class-action-investigation-four","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/loss-alert-rosen-top-ranked-global-counsel-encourages-shift4-payments-inc-investors-to-inquire-about-securities-class-action-investigation-four\/","title":{"rendered":"LOSS ALERT: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Shift4 Payments, Inc. Investors to Inquire About Securities Class Action Investigation \u2013 FOUR"},"content":{"rendered":"
\n

NEW YORK, April 29, 2023 (GLOBE NEWSWIRE) —<\/p>\n

WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Shift4 Payments, Inc. (NYSE: FOUR) resulting from allegations that Shift4 may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong> If you purchased Shift4 securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=15240<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong> On April 19, 2023, market analyst Blue Orca Capital issued a report stating, among other things, that \u201cShift4 engaged in a string of highly questionable and hyperaggressive accounting maneuvers seemingly designed to keep the stock afloat, from cash flow manipulation to inexplicable distributor acquisitions that enabled it to capitalize a major component of COGS.\u201d Further, the report alleges that \u201cShift4\u2019s CEO began to engage in highly aggressive stock promotion, proclaiming that FOUR is \u2018way too cheap\u2019 and that he is \u2018absolutely\u2019 considering taking the Company private[,]\u201d however the report alleges that at the same time \u201cShift4\u2019s CEO also claimed to be a \u2018buyer\u2019 when he was, in fact, a net seller of over 1 million shares in 2022, and just weeks before his planned disposal of up to 2 million shares alongside the closing of his [variable prepaid forward (VPF)] contract.\u201d<\/p>\n

On this news, Shift4\u2019s stock price fell $5.95, or 8%, to close at $62.59 per share on April 19, 2023, on unusually heavy trading volume.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a> <\/p>\n

GlobeNewswire Distribution ID 8828138<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 29, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Shift4 Payments, Inc. (NYSE: FOUR) resulting from allegations that Shift4 may have issued materially misleading business information to the investing public. SO WHAT: If you [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2584,17,53,343],"tags":[],"yoast_head":"\nLOSS ALERT: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Shift4 Payments, Inc. 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