Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces that a Securities Class Action has been Filed Against ValueClick, Inc.
NEW YORK, Sept. 25, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC announces that a securities class action has been filed in the United States District Court for the Central District of California on behalf of those who purchased shares of ValueClick, Inc. ("ValueClick or the Company") (NASDAQGS:VCLK), during the period between February 14, 2013 and August 1, 2013, inclusive (the "Class Period").
The complaint charges ValueClick and certain of its executives with violations of federal securities laws. The complaint alleges that during the class period ValueClick and certain of its executives issued a series of materially false and misleading statements during the Class Period, specifically the complaint alleges that the Company concealed from its shareholders the following: (1) that ValueClick was not effectively integrating certain of its acquisitions, (2) that ValueClick had failed to adequately record impairment of a note receivable, (3) and that persistent operational weakness in ValueClick's European operations and sales were weighing down revenue growth.
On August 2, 2013, shares of ValueClick fell $3.73 or approximately 15% to close at $21.37 after the company reported, after the close of trading on August 1, 2013, disappointing results for the second quarter.
Plaintiff seeks to recover damages on behalf of all ValueClick shareholders who purchased common stock during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. November 18, 2013 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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 Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC