NEW YORK, Dec. 29, 2015 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Marchex, Inc. ("Marchex") (NASDAQ:
MCHX) between March 19, 2014 and
September 18, 2014.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Southern District of
New York. If you purchased or
otherwise acquired Marchex securities between March 19, 2014 and September 18, 2014, your rights may be affected
by this action. To get more information go to:
http://zlk.9nl.com/marchex-mchx.
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 Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://zlk.9nl.com/marchex-mchx.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP