New York, New York--(Newsfile Corp. - October 31, 2019) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Slack Technologies, Inc. (NYSE: WORK) ("Slack" or the "Company") of the November 18, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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If you invested in Slack stock or options pursuant and/or traceable to the Company's registration statement and prospectus for the resale of up to 118,429,640 shares of its Class A common stock whereby Slack began trading as a public company on or around June 20, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/WORK. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26^th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased Slack Class A common stock pursuant and/or traceable to the Company's registration statement and prospectus for the resale of up to 118,429,640 shares of its Class A common stock whereby Slack began trading as a public company on or around June 20, 2019 (the "Offering"). The case, Dennee v. Slack Technologies, Inc. et al., No. 3:19-cv-05857 was filed on September 19, 2019.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose: (1) that the Company's Slack Platform was susceptible to recurring service-level disruptions; (2) that such disruptions were increasingly likely to occur as the Company scaled its services to a larger user base; (3) that the Company provides credits even if a customer was not specifically affected by service-level disruptions; (4) that, as a result, any service-level disruptions would have a material adverse impact on the Company's financial results; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

On September 4, 2019, Slack reported its second-quarter fiscal 2019 results and issued guidance for the third quarter, expecting a wider loss than analysts predicted. The Company also stated that revenue "was negatively impacted by $8.2 million of credits related to service level disruption in the quarter."