| COMPANY |
Eventbrite, Inc. |
| COURT |
United States District Court for the Northern District of California |
| CASE NUMBER |
19-cv-02019 |
| JUDGE |
The Hon. Edward John Davila |
| CLASS PERIOD |
September 20, 2018 and May 1, 2019 |
| SECURITY TYPE |
All Securities |
Case Background:
On April 15, 2019, the initial complaint in this securities class action was filed against Eventbrite, Inc. (“Eventbrite” or the “Company”) and certain of Eventbrite’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action brought on behalf of all persons and entities who: (1) purchased or acquired Eventbrite securities pursuant or traceable to Eventbrite’s Registration Statement and Prospectus issued in connection with the Company’s September 2018 initial public offering; or (2) purchased or otherwise acquired Eventbrite securities between September 20, 2018 through May 1, 2019, (“Class Period”) both dates inclusive.
The complaint (the “Complaint”) alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s migration of customers from Ticketfly to Eventbrite was progressing slower than expected; (2) the Ticketfly integration would take longer than expected; (3) the Company’s revenue and growth would be negatively impacted; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On June 27, 2022, the Court granted the Stipulation and Order Dismissing Action with Prejudice. This case has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.