INVESTOR ALERT: Khang & Khang LLP Announces the Filing of a Securities Class Action Lawsuit against Marchex, Inc. & Encourage...
December 14 2015 - 10:34PM
Business Wire
Khang & Khang LLP (the “Firm”) announces that a class action
lawsuit has been filed against Marchex, Inc. (“Marchex” or
the “Company”) (Nasdaq: MCHX). Investors who purchased or otherwise
acquired shares between March 19, 2014 and September 18, 2014,
inclusive (the “Class Period”) are encouraged to contact the Firm
prior to the January 19, 2016 lead plaintiff motion deadline.
If you purchased shares of Marchex during the Class Period,
please contact Joon M. Khang, Esquire, of Khang & Khang, 18101
Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or by email at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
According to the complaint, the Company issued materially false
and misleading statements to investors and/or failed to disclose
that (1) Allstate sought to switch its business with Marchex to a
fixed-fee basis from payments made for each call; (2) consequently,
Marchex’s revenue would be negatively impacted; and (3) as a result
of the foregoing, defendants’ public statements about Marchex’s
business, operations, and prospects were false and misleading
and/or lacked a reasonable basis at all relevant times.
If you purchased shares of Marchex during the Class Period, you
have until January 19, 2016 to ask the Court to appoint you as lead
plaintiff. If you wish to learn more about this lawsuit,
or if you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by email at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20151214006473/en/
KHANG & KHANG LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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