According to the lawsuit, the Registration Statement was materially false and misleading and omitted to state that:
- StubHub was experiencing changes in the timing of payments to vendors;
- those changes had a significant adverse impact on free cash flow, including trailing twelve months (“TTM”) free cash flow;
- as a result, StubHub’s free cash flow reports were materially misleading, and that;
- as a result of the foregoing, defendants’ positive statements about StubHub’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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