12/01/2019 03:50:00

WAYFAIR SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Wayfair Inc. - W

NEW ORLEANS, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 11, 2019 to file lead plaintiff applications in a securities class action lawsuit against Wayfair Inc. (NYSE:W), if they purchased the Company’s Class A shares between August 2, 2018 and October 31, 2018, inclusive (the “Class Period”).  This action is pending in the United States District Court for the District of Massachusetts.

What You May Do

If you purchased shares of Wayfair and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-w/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by March 11, 2019.

About the Lawsuit

Wayfair and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On November 1, 2018, pre-market, the Company disclosed shocking financial results for Q3 2018 including a staggering GAAP net loss of $151.7 million (compared to loss of $76.4 million in Q3 2017), and a 43% increase in advertising expenses of more than $202.5 million.

On this news, the price of Wayfair’s shares plummeted more than $14 per share, or nearly 13%, to close at $96.16 per share on November 1, 2018.

The case is Goodstein v. Wayfair Inc., et al., No. 19-cv-10062.

About Kahn Swick & Foti, LLC

KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com

1-877-515-1850

1100 Poydras St., Suite 3200

New Orleans, LA 70163

Logo -Color.jpg

Related content
19 Mar - 
Lawsuit for Investors in NYSE: W shares against Wayfair..
19 Mar - 
Bragar Eagel & Squire, P.C. is Investigating Certain Of..
09 Mar - 
DEADLINE MONDAY: The Schall Law Firm Announces the Fili..
Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Health Insurance, Conagra, Kraft Heinz, and Diplomat and Encourages Investors to Contact the Firm
2
PDAC welcomes Federal Budget 2019
3
PureCircle Launches Next Generation Stevia Leaf Sweeteners in Singapore
4
NanoString Technologies Announces Pricing of Public Offering of 4,500,000 Shares of Common Stock
5
Dermira Prices $130.0 Million Public Offering of Common Stock

Related stock quotes

Wayfair Inc Class A 171.13 1.7% Stock price increasing

Latest news


Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
20 March 2019 20:10:01
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190320.1 - EUROWEB6 - 2019-03-20 21:10:01 - 2019-03-20 20:10:01 - 1000 - Website: OKAY