Wayfair Inc

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: Wayfair Inc
Stock Symbol : NYSE: W
Class Period Start: 10/02/2014
Class Period End: 08/31/2015
Lead Plaintiff motion: 11/02/2015
Date Filed: 09/02/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the November 2, 2015 lead plaintiff deadline in a class action lawsuit filed against Wayfair Inc (NYSE: W) (“Wayfair” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Wayfair securities between October 2, 2014 and August 31, 2015, have until November 2, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Wayfair securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that another ecommerce website, Overstock.com, is a competitor to Wayfair Inc and that as a result, Wayfair's public statements were materially false and misleading during the times specified in the complaint.

Wayfair Inc reported that its annual Total Revenue rose from $915.84 million in 2013 to over $1.31 billion in 2014 while its Net Loss increased from $15.53 million in 2013 to $148.10 million in 2014. After the release of their report, NYSE:W stock rose from $18.40 per share in January 2015 to as high as $56.33 per share on August 13, 2015.

On August 31, 2015, Citron Research published a report on Wayfair Inc (NYSE:W) asserting, among other things, that Wayfair Inc deliberately refused to admit that Overstock is a competitor in its SEC filings, despite similarities between the two companies, and that Wayfair Inc's CEO Niraj Shah stated in an August 13, 2015 interview that Wayfair Inc was profitable "for the first nine years of this business" even though Wayfair’s S-1 filing indicates that it had $190 million in cumulative losses before going public.

On September 2, 2015 NYSE:W stock declined to as low as $32.87.

If you were negatively impacted by your investment in Wayfair securities between October 2, 2014 and August 31, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm.

Thieler Law Corp

2534 State Street - Suite 406,

San Diego, CA 92101

by

email: mail@thielerlaw.com 

or

telephone at +1 (619) 377 - 4324

or

visit our website http://www.thielerlaw.com/ 

or

Facsimile: +1 (619) 785 – 3185

Transactions
Buy date (mm/dd/yyyy) Number of shares Price per share
Sell date (mm/dd/yyyy) Number of shares Price per share
Please wait...