FTD Companies Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | FTD Companies Inc |
Stock Symbol : | NASDAQ: FTD |
Class Period Start: | 03/13/2015 |
Class Period End: | 03/14/2017 |
Lead Plaintiff motion: | 05/19/2017 |
Date Filed: | 03/20/2017 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of Illinois |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the May 19, 2017 lead plaintiff deadline in a class action lawsuit filed against FTD Companies Inc (NASDAQ: FTD) (“FTD” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Illinois and investors, who purchased FTD Companies Inc securities between March 13, 2015 and March 14, 2017, have until May 19, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased FTD Companies Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 FTD’s financial statements contained errors relating to the assessment of cross-border indirect taxes; in turn, the Company lacked effective internal controls over financial reporting; FTD had overstated the benefits of the Provide acquisition; and as a result of the foregoing, FTD’s public statements were materially false and misleading at all relevant times. On March 14, 2017, the Company revealed disappointing financial results for the fourth quarter and full year ended December 31, 2016. FTD further revealed that due to an incorrect assessment of certain cross-border indirect taxes a restatement of the Company's previously issued consolidated financial statements would be made. Following this news, NASDAQ:FTD fell 23.7% on March 15, 2017. If you were negatively impacted by your investment in FTD Companies Inc securities between March 13, 2015 and March 14, 2017 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 |