Our firm is investigating possible legal claims on behalf of Slack investors. On June 20, 2019, Slack Technologies, Inc. (NYSE: WORK) held its initial public offering (IPO) with shares priced at $38.50 per share. Since its IPO Slack’s shares have declined as low as 31% below the initial price; opening at $26.47 on September 5th. If you are a Slack investor, you may be eligible for monetary recovery. Contact our securities lawyers today to learn more about your options.

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Slack Stock News: Shares Fall 31% Below IPO Price

On June 20, 2019, Slack sold 118.4 million shares at $38.50 during its initial public offering. But a few months later, the stock is trading far below the IPO price.

On September 4, 2019, Slack released its its first earnings report as a public company. According to Yahoo Finance

Slack disappointed investors with a weaker-than-expected forecast for the third quarter. The company’s Q3 2020 guidance laid out expectations for a loss of between $0.08 and $0.09 a share — slightly below analysts’ expectations of $0.07.

On this news Slack shares plummeted to 31% below the IPO price in after hours trading. Our firm will continue to investigate.

Our Securities Lawyers Have a Winning Record Against Companies Like Slack

Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.

You “shouldn’t presume that powerful banks and other powerful interests can just get away with doing bad things. Good, qualified counsel that are committed to a cause can usually figure out how to prosecute such cases effectively and prevail.”

Eric Gibbs, award-winning securities attorney

Praise from the Courts

Federal judge in our AT&T class action:

“I’ve always found them to be extraordinary counsel in terms of their preparation and their professionalism.”

Federal judge in our Chase lawsuit (resulting in $100 million settlement):

They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”

Read more about what judges say about us.

Michael Schrag

Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.

Eileen Epstein

Eileen works closely with investors in securities cases and has over a decade of experience in the legal world. She received her law degree from American University in 2005.

David Stein

David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.

Amanda Karl

Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.

Gibbs Law Group's Financial Fraud Experience

Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.

We have fought some of the most complex cases brought under federal and state laws nationwide, and our attorneys have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).