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LOS ANGELES, March 02, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of FuboTV, Inc. ("FuboTV" or "the Company") (NYSE: FUBO) investors that acquired securities between March 23, 2020 and January 4, 2021.
Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.
It is alleged in this complaint that FuboTV Inc. made materially misleading and/or false statements and/or failed to disclose that: (i) Fubo’s offering of products was subject to cost escalations that were undisclosed; (ii) FuboTV could not successfully perform and compete as a sports book operator and was not able to capitalize on its sole sports wagering opportunity; (iii) FuboTV’s inventory and data was not differentiated to allow it to achieve long-term advertising growth forecasts and goals; (iv) FuboTV’s overstated its valuation in light of its total subscription and revenue levels; (v) the acquisition of Balto Sport did not provide the stated synergies and internal expertise, and did not expand the FuboTV’s addressable market into online sports wagering. FuboTV’s public statements were materially misleading and/or false at all relevant times, as a result.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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