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Wednesday, April 23, 2025

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Shareholder Class Action

Two shareholder class actions claim Dropbox misrepresented statements on its IPO, causing its share price to drop from $21 to $17.53. knocking <a href="http://www.courthousenews.com/wp-content/uploads/2019/10/Dropbox.pdf"><strong>$143.6 million off its market cap</strong></a>, in federal court.

SAN FRANCISCO — Shareholders claim in two federal class actions that Dropbox misrepresented statements on its IPO, causing its share price to drop from $21 to $17.53. knocking $143.6 million off its market cap.

Categories / Securities, Technology

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