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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Wayfair Inc (NYSE: W) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Wayfair Inc (NYSE: W) concerning whether a series of statements by Wayfair Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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.
Based in Boston, Massachusetts, and founded in 2002 Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally.
If you purchased shares of Wayfair Inc (NYSE: W) on or before November 1, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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