Law Firms Court Pinterest Investors to Lead Securities Suit Before May 29 Deadline
The suit centers on alleged misstatements about ad revenue resilience versus tariff pressure that investors say drove February losses.
Overview
- Plaintiff firms issued fresh investor notices Thursday and Friday urging Pinterest shareholders to seek lead-plaintiff status ahead of the May 29 deadline.
- The case, filed in the Northern District of California as Uziel v. Pinterest, alleges false or misleading statements about advertising revenue and tariff risks during the February 7, 2025 to February 12, 2026 period.
- Pinterest reported $1.32 billion in Q4 2025 revenue and lowered its Q1 2026 forecast on February 12, citing tariff headwinds, and the stock fell about 16.8% the next day.
- The notices say affected investors can apply to be lead plaintiff, hire their own lawyer, or remain absent from the case, and they note that no class has been certified.
- If appointed, a lead plaintiff is usually the investor with the largest losses and would choose the class lawyers and help direct the litigation.