BOSTON, Aug. 10, 2016 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Connecture, Inc. ("Connecture" or the "Company") (NASDAQ: CNXR) violated federal securities laws following the Company's announcement that has significantly reduced its 2016 revenue guidance, resulting in harm to investors.
Shares in Connecture plunged nearly 31% on August 9, 2016, and continue to fall, after the Company announced that it was reducing its 2016 revenue projections by more than $20 million, from a previous range of $100-110 million to $85-88 million. This news and the resultant stock drop has caused significant losses to Connecture investors.
If you purchased or otherwise acquired Connecture securities prior to August 8, 2016 and have questions about your legal rights or possess information relevant to this investigation, please contact attorneys Steven Harte or Bradley Vettraino at (617) 398-5600, by email at [email protected] or [email protected], or visit www.blockesq.com/connecture.
Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 100 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
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SOURCE Block & Leviton LLP