SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Marchex, Inc. of Class Action Lawsuit & a Lead Plaintiff Dea...
January 14 2016 - 12:27PM
Business Wire
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 19, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160114006070/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.,
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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