NEW YORK, Jan. 8, 2016 /PRNewswire/ -- The Law Offices of
Vincent Wong announce that a class
action lawsuit has been commenced in the USDC for the Southern
District of New York on behalf of
investors who purchased Marchex, Inc. (NASDAQ: MCHX) securities
between March 19, 2014 and
September 18, 2014.
Click here to learn about the case:
http://docs.wongesq.com/MCHX-Info-Request-Form-975. There is
no cost or obligation to you.
The complaint alleges that throughout the class period,
defendants 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.
On September 18, 2014, Marchex
announced that it had lowered its 2014 call-driven revenue outlook.
The Company attributed this reduction in guidance to "revised
commitments" from Allstate.
If you suffered a loss in Marchex you have until January 18, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://docs.wongesq.com/MCHX-Info-Request-Form-975.
Vincent Wong, Esq. is an
experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong