Rosen Law Firm reminded Pinterest investors of the May 29 lead plaintiff deadline in a securities class action. The class period covers purchases between Feb. 7, 2025 and Feb. 12, 2026, with losses exceeding $100,000.
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PINS investors face May 29 deadline in securities class action
Rosen Law Firm reminded Pinterest Inc. investors of the May 29 lead plaintiff deadline in a securities class action covering losses exceeding $100,000.
Investors who purchased Pinterest shares between Feb. 7, 2025 and Feb. 12, 2026 may be entitled to compensation through a contingency fee arrangement, the firm said. A class action lawsuit has already been filed.
The class period spans roughly 12 months. Investors seeking to serve as lead plaintiff must file a motion with the court by May 29, 2026. A lead plaintiff acts as a representative party on behalf of other class members in directing the litigation.
Rosen Law Firm has recovered hundreds of millions of dollars for investors and 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 four each year since 2013. In 2019 alone, the firm secured more than $438 million for investors. Founding partner Laurence Rosen was named by Law360 as a Titan of Plaintiffs' Bar in 2020.
No class has been certified yet. Investors may select counsel of their choice or remain absent class members and do nothing. An investor's ability to share in any potential recovery is not dependent on serving as lead plaintiff.
The May 29 deadline is the first major procedural milestone. The court will later appoint lead counsel and set a schedule for any motions to dismiss, which typically follow within 60 to 90 days after the lead plaintiff is selected.
This article is for informational purposes only and does not constitute investment advice.
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