INVESTOR NOTICE: Lundin Law PC Announces Securities Class Action Lawsuit against Marchex, Inc. & Reminds Investors with Losse...
December 08 2015 - 09:04PM
Business Wire
Lundin Law PC announces a class action lawsuit has been filed
against Marchex, Inc. (“Marchex” or the “Company”) (NASDAQ:
MCHX) concerning possible violations of federal securities laws
between March 19, 2014 and September 18, 2015. Investors who
purchased or otherwise acquired shares during the Class Period
should contact the Firm in advance of the January 19, 2016, lead
plaintiff motion deadline.
To participate in this class action lawsuit, please contact
Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via
e-mail at brian@lundinlawpc.com.
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.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
Lundin Law PC was created by Brian Lundin, a securities
litigator based in Los Angeles.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151208006799/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlaw.com
Marchex (NASDAQ:MCHX)
Historical Stock Chart
From Feb 2024 to Mar 2024
Marchex (NASDAQ:MCHX)
Historical Stock Chart
From Mar 2023 to Mar 2024