INVESTOR ALERT: Investigation of Marchex, Inc. Announced by The Law Offices of Howard G. Smith
August 14 2015 - 10:00AM
Business Wire
Law Offices of Howard G. Smith announces an investigation on
behalf of investors of Marchex, Inc. ("Marchex" or the "Company")
(NASDAQ:MCHX). The investigation concerns whether the Company
violated federal securities laws by issuing materially misleading
information regarding its operations and future performance.
On September 18, 2014, Marchex reported to investors the need to
lower future guidance as a result of a shift in one of its key
customer’s payment model. The Company stated in relevant part that
Marchex, “lower[ed] its 2014 call-driven revenue outlook . . . [a]s
a result of revised commitments from Allstate in the fourth
quarter.” Marchex stated that Allstate sought to switch its
business with Marchex to a fixed-fee basis from payments made for
each call. On this news, shares of Marchex fell by $3.38 per share,
or over 45%, to close on September 18, 2014 at $4.01 per share, on
volume of over 10 million shares.
If you purchased Marchex securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150814005042/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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