NEW YORK, Jan. 13, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of ChannelAdvisor ("ChannelAdvisor" or the "Company") (NYSE: ECOM -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether ChannelAdvisor and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On January 12, 2015, ChannelAdvisor announced disappointing preliminary revenue results for the quarter ended December 31, 2014. The Company cited an unusual shift of gross merchandise volume to larger customers during the holiday season resulting in lower variable subscription revenue.
On this news, shares of ChannelAdvisor fell $11.26, or 53.24% during intraday trading to trade at $9.89 on January 13, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of ChannelAdvisor, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. 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 Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC