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CRM.US
id: 1053

Salesforce (CRM) Facilitating Sex Trafficking Case

  • On August 3, 2023, a court found that a sex trafficking victim’s lawsuit against Salesforce stated a claim for facilitating sex trafficking via Salesforce’s then client.
  • On it, $CRM fell 2.24%, losing $4.78B+ of shareholder value.
  • Investors may have grounds to suspect Salesforce of failing to prevent unlawful actions, which led to their losses.
On August 3, 2023, the Seventh Circuit Court of Appeals found that a former sex trafficking victim’s lawsuit against Salesforce stated a claim for facilitating sex trafficking of minors via Backpage.com, Salesforce’s then client.

On this news, $CRM fell 2.24% and lost over $4.78 billion of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect Salesforce of failing to prevent unlawful actions, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 August 2023
Collecting participants…

Salesforce.com Inc

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads...

    Ticker
    CRM.US
    ISIN
    US79466L3024
    CIK
    1108524
    Sector
    Technology
    Industry
    Software - Application
    Country
    USA
    Address
    Salesforce Tower, San Francisco, CA, United States, 94105