SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ChannelAdvisor Corporation - ECOM
NEW YORK, Jan. 13, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ChannelAdvisor Corporation ("ChannelAdvisor" or the "Company") (NYSE: ECOM). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
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 approximately $11.20 per share, or more than 53%, in morning trading on January 13, 2015.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
SOURCE Pomerantz LLP
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