NEW YORK, Jan. 23, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of ChannelAdvisor Corporation. ("ChannelAdvisor" or the "Company") (NYSE: ECOM), concerning whether the board has breached its fiduciary duties to shareholders.
On January 12, 2015, the Company disclosed poor preliminary revenue results for the fourth quarter of 2014, below prior guidance. The Company stated the poor results were caused by an unusual shift of merchandise volume to large customers during the holiday season. On this news, Company stock fell over 50%.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own ChannelAdvisor shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP