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 Wayfair Inc. (NYSE:W) securities between October 2, 2014 and August 31, 2015.
Click here to learn about the case: http://docs.wongesq.com/W-Info-Request-Form-925. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period defendants issued materially false and misleading statements to investors and/or failed to disclose that Overstock is a competitor; as a result, Wayfair’s public statements were materially false and misleading at all relevant times, causing Wayfair’s stock to trade at artificially inflated prices.
On September 1, 2015, a report published by Citron Research alleged that Wayfair had deliberately refused to acknowledge Overstock as a competitor in its SEC filings, despite the similarities between the two companies, as doing so would make it apparent that “Wayfair’s stock is not worth more than $10 a share.”
If you suffered a loss in Wayfair you have until November 2, 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@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/W-Info-Request-Form-925.
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: firstname.lastname@example.org