Recent Security Class Actions

Shift4 Payments, Inc. (NYSE: FOUR)

18 Days left to seek lead plaintiff status.

Company Name:Shift4 Payments, Inc.
Stock Symbol:NYSE: FOUR
Class Period Start:11/10/2021
Class Period End (inclusive):04/18/2023
Filing Deadline:10/17/2023

According to the Complaint, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, Defendants made 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.

Shift4 Payments, Inc. (NYSE: FOUR) Claim Form

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