NEW YORK, March 15, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of FTD Companies, Inc. ("FTD" or the "Company") (NASDAQ: FTD). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether FTD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 14, 2017, post-market, FTD announced disappointing financial results for the quarter and year ended December 31, 2016. FTD also announced that, due to identified errors, the Company will restate previously reported consolidated financial statements for the years ended December 31, 2015 and 2014 and for the quarters in the years ended December 31, 2015 and 2016.
On this news, FTD's share price fell $5.54, or 23.69%, to close at $17.85 on March 15, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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 80 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
Robert S. Willoughby
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SOURCE Pomerantz LLP