Thieler Law Corp advises investors with losses exceeding $100,000 of the March 11, 2019 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 District of Massachusetts and investors, who purchased Wayfair Inc securities between August 2, 2018 and October 31, 2018, have until March 11, 2019 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 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 Wayfair had been experiencing significantly diminished demand for its online product offerings and had significantly increased advertising spending to grow sales; Wayfair, which was already more than one-third of the way into 3Q18 when it announced its 2Q18 results on August 2, 2018, had already dramatically increased advertising spending for 3Q18; and as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On November 1, 2018, the Company revealed its third quarter 2018 financial results.  The Company reported a $151.7 million net loss for the quarter under Generally Accepted Accounting Principles ("GAAP"), or $1.69 a share, compared with a GAAP loss of $76.4 million, or 88 cents a share, for the third quarter 2017.

On this news, NYSE: W fell more than $14 per share, almost 13%, to close down at $96.16 on November 1, 2018.

If you were negatively impacted by your investment in Wayfair Inc securities between August 2, 2018 and October 31, 2018 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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