Scott+Scott, Attorneys at Law, LLP Announces Investigation of Marchex, Inc.
August 11 2015 - 10:15AM
Business Wire
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national
shareholder and consumer rights litigation firm, announces the
commencement of an investigation into Marchex, Inc. (NASDAQ:MCHX)
(“Marchex”) related to potential violations of federal securities
laws. If you are an Akebia shareholder, you are encouraged to
contact Scott+Scott for additional information.
Marchex (NASDAQ:MCHX) is a mobile and call advertising
technology company. Marchex provides mobile advertising platforms
designed to increase new customer phone calls to businesses and
technology to analyze data from the calls.
On March 27, 2014, Marchex held a Secondary Offering of its
stock, offering 5.714 million shares at $10.50 per share.
On September 18, 2014, in a press release entitled “Marchex
Updates 2014 Guidance,” Marchex “lower[ed] its 2014 call-driven
revenue outlook . . . [a]s a result of revised commitments from
Allstate in the fourth quarter.” Marchex stated that Allstate
sought to switch its business with Marchex to a fixed-fee basis
from payments made for each call. On this news, shares of Marchex
plummeted more than 45%.
What You Can Do
If you are a Marchex shareholder and wish to discuss this
investigation, or have questions about this notice or your legal
rights, please contact attorney Joseph Halloran at (800) 404-7770
or (646) 582-0121 or at or jhalloran@scott-scott.com.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major
securities, antitrust, and employee retirement plan actions
throughout the United States. The firm represents pension funds,
foundations, individuals, and other entities worldwide.
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version on businesswire.com: http://www.businesswire.com/news/home/20150811005939/en/
Scott+Scott, Attorneys at Law, LLPJoseph V. Halloran,
646-582-0121jhalloran@scott-scott.com
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