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FOUR.US
id: 667, Created by Stan Vick Chase, Scout
Join Shift4 Payments (FOUR) ft. "Blue Orca Report" Case to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- Blue Orca issued a report alleging Shift4 Payments (FOUR) & its Leaders in unlawful business practices.
- $FOUR significantly declined, injuring investors.
- Shareholders may suspect $FOUR & Its Leaders or Blue Orca in unlawful actions that led to investment damages.
On April 19, 2023, short-seller Blue Orca issued a report alleging Shift4 Payments (NASDAQ: FOUR) and its Leaders in unlawful business practices.
Among other things, the Report stated:
- The company appears to be a roll-up of low-tech POS systems and payment processors that is substantially less profitable, generates less cash, and is more leveraged than investors realize.
- The CEO's large stock pledges threatened a margin call, forcing the company to engage in highly questionable and hyper-aggressive accounting maneuvers to keep the stock afloat, including recalling and redepositing funds as cash from operations.
- Governance issues also arose, including a CFO departure and SEC correspondence over accounting, while the CEO engaged in stock promotion without making open-market purchases and with insider ownership filings revealing him as a net seller.
- The company's aggressive accounting games and M&A activity inflated its gross profit, Adj. EBITDA, and operating income, while its buyout of independent distributors and Q4 2022 cash account withdrawal inflated operating cash flow, leading to true leverage far higher than reported by the Company.
On this news, the $FOUR significantly declined, injuring investors.
Considering the allegations stated in the report, Investors have all reasons to suspect whether $FOUR & Its Leaders or Blue Orca in unlawful actions that led to serious investment damages for shareholders.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose,
Price manipulation,
Insider Trading,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Influencer,
Investment Bank,
Service Provider,
Research Entity
Security Type
Stocks
Trade Direction
Long
Shock Event Date
19 April 2023