Thieler Law Corp advises investors with losses exceeding $100,000 of the October 6, 2015 lead plaintiff deadline in a class action lawsuit filed against Constant Contact Inc (NASDAQ: CTCT) (“Constant Contact” or “the Company”). The suit is pending in the U.S. District Court for the District of Massachusetts and investors, who purchased Constant Contact securities between October 23, 2014 and July 23, 2015, have until October 6, 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 Constant Contact 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 Constant Contact Inc’s gross customer additions were lower than expected and that the Company was experiencing negative trends in customer conversion rates.  Further alleged in the complaint was the Company’s failure to disclose that Constant Contact was steering new customers towards the lowest-priced packages.  The plaintiff asserts that as a result of the foregoing, Defendants’ statements about Constant Contact’s business operations and prospects were false and misleading during the times specified in the complaint.

On July 23, 2015, after the market closed, the Company disclosed earnings results for the second quarter of 2015. Additionally they revealed a poor third quarter outlook. Constant Contact experienced low trial-to-conversion rates in April and May of 2014 and a significant swing in product mix with approximately 80% of new customers choosing the lowest-priced Email package instead of higher-priced offerings. On this news, shares of Constant Contact declined $3.35 per share, over 11%, to close on July 24, 2015, at $26.18 per share, on unusually heavy volume.

If you were negatively impacted by your investment in Constant Contact securities between October 23, 2014 and July 23, 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.

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