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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
Inactive Investigation
Alleged Offence
Misleading Statements, 
Failure to Disclose, 
Omissions
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
08/03/2023