Pinterest Investors Urged to Seek Lead Role in Securities Suit Before May 29 Deadline

Overview

• Multiple plaintiff firms, which issued notices Tuesday, invited Pinterest shareholders to move for lead‑plaintiff status before the May 29 court deadline.
• The case, filed in the Northern District of California as Uziel v. Pinterest, Inc., covers purchases from February 7, 2025 through February 12, 2026.
• According to the complaint, Pinterest downplayed falling ad revenue, overstated its ability to handle U.S. tariff pressures, and signaled stability while facing a likely restructuring.
• Plaintiffs point to disclosures on November 4, 2025, January 27, 2026, and February 12, 2026 that they say drove a cumulative $12.77 drop and a $15.42 close on February 13, 2026.
• No class is certified yet, and firms say investors can seek leadership or remain absent class members with no upfront fees, including those who already sold their shares.