NEW YORK, Aug. 10, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities Connecture, Inc. ("Connecture" or the "Company") (NASDAQ: CNXR). Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at firstname.lastname@example.org or 212-697-6484.
The investigation concerns whether Connecture and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 9, 2016, Connecture restated its complete 2016 guidance listing its total revenues to be between $100 million to $110 million. On August 8, 2016, Connecture reduced its complete 2016 guidance of total revenues to be between $85 million to $88 million. Connecture said this lowered restatement was primarily due to: (1) its current year-to-date revenue fell below Connecture's preliminary projections; (2) reduced revenue projections for the remainder of the year for the Company's Private Exchange owed to lessened consumer approving the newer solutions; (3) the effect of Connecture's Enterprise/Commercial customers upgrading to the new platform on 2016 revenue; and (4) Connecture's decision to lessen its focus on the State/Medicaid opportunity. Following this news, Connecture stock dropped during intraday trading on August 9, 2016.
If you purchased Connecture shares or if you are aware of any facts relating to this investigation, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/cnxr. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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