Kessler Topaz Meltzer & Check, LLP Files a Shareholder Class Action Lawsuit Against Farfetch Limited with Expanded Claims– Lead Plaintiff Deadline Remains November 18, 2019 - Seite 2

Following this news, the price of Farfetch Class A ordinary shares declined $8.12 per share, or more than 44%, from a close of $18.25 per share on August 8, 2019, to close at $10.13 per share on August 9, 2019.

The complaint alleges that, in the Registration Statement and throughout the Class Period, Defendants failed to disclose material adverse facts about Farfetch’s operations and prospects. Specifically, Defendants failed to disclose that: (1) Farfetch would refuse to reduce merchandise prices to match the rest of the market; (2) this sub-optimal pricing strategy rendered Farfetch’s platform highly susceptible to underpricing by competitors, despite what the Defendants touted as a “superior” platform; and (3) as a result, Farfetch’s past and projected Platform GMV growth rates were foreseeably unsustainable. As a result of the foregoing, Defendants’ statements about Farfetch’s business strategy and growth prospects lacked a reasonable basis at all relevant times.

If you wish to discuss this securities fraud class action lawsuit or have any questions concerning this notice or your rights or interests with respect to this litigation, please contact Kessler Topaz Meltzer & Check (James Maro, Jr., Esq. or Adrienne Bell, Esq.) at [phone] or (610) 667–7706, or via e-mail at [e-mail].

Farfetch investors may, no later than November 18, 2019, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, please visit www.ktmc.com.

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