NEW YORK, Oct. 23, 2015 (GLOBE NEWSWIRE) — The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased MaxPoint Interactive, Inc. (NYSE:MXPT) securities pursuant and/or traceable to the Initial Public Offering on or about March 6, 2015.
Click here to learn about the case: http://docs.wongesq.com/MXPT-Info-Request-Form-921. There is no cost or obligation to you.
The complaint alleges that the MaxPoint IPO offering documents failed to disclose material information, including that the Company was deriving two-thirds of its sales from only 50 customers, and that due to this high customer concentration, it was more exposed to those customers’ budgetary proclivities and promotional activities. The complaint also alleges that MaxPoint had been signing smaller customers with smaller advertising budgets in the months leading up to the IPO, and that as a result, MaxPoint’s sales growth was declining at the time of the IPO, which would have a material impact on MaxPoint’s profitability.
If you suffered a loss in MaxPoint you have until October 30, 2015 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 Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/MXPT-Info-Request-Form-921.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]