NEW YORK, Nov. 18, 2015 /PRNewswire/ -- Bronstein, Gewirtz
& Grossman, LLC notifies investors that a securities class
action has been filed in the United States District Court for the
Southern District of New York on
behalf of those who purchased shares of Marchex, Inc. ("Marchex" or
the "Company") (NasdaqGS: MCHX), during the period between
March 19, 2014 and September 18, 2014 inclusive (the "Class
Period").
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about the Company's
business, operations, and prospects. Specifically, during the Class
Period, defendants made false and/or misleading statements and/or
failed to disclose that: (i) Allstate sought to switch its business
with Marchex to a fixed- fee basis from payments made for each
call; (ii) consequently, Marchex's revenue would be negatively
impacted.
No Class has yet been certified in the above action. If you wish
to review a copy of the Complaint, to discuss this action, or have
any questions, please contact Peretz
Bronstein, Esq. or his Investor Relations Coordinator
Eitan Kimelman of Bronstein, Gewirtz
& Grossman, LLC at 212-697-6484 or via email info@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number. 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-notifies-investors-of-class-action-against-marchex-inc-and-lead-plaintiff-deadline-300180655.html
SOURCE Bronstein, Gewirtz & Grossman, LLC