New York, NY: A securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Travelzoo, Inc. ("Travelzoo" or the "Company") common stock from April 21, 2011 through July 21, 2011 (the "Class Period"). No class has yet been certified in the above action.
The Complaint alleges violations of the federal securities laws against Travelzoo and its officers and directors for issuing materially false and misleading financial statements to investors concerning the Company's business and prospects. On July 21, 2011, defendants revealed that the Company was performing well below expectations, with revenues well below estimates, and expenses exceeding estimates. Upon this news, shares of Travelzoo stock declined more than 30 percent, from a closing price of $85.71 per share on July 20, 2011, to $56.00 per share the following day.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
Travelzoo Inc TZOO Securities Fraud Legal Help
If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Travelzoo Inc securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.
I was solicited to sign up for the free stock 15 years or more back . I did it but cant seem to find any record of it . Been looking on the net off and on for 10 years . My old email account is gone and I have moved to a different location . I kinda of figured it was a scam years ago . For me it was a scam . I was lead to believe I was being given stock in a up coming company and tried to check in on it many times through the years . Not sure what their motive was other than spamming me . There seems to be no record of it unless I find it written down someplace . I think the courts busted their scam and made them make it right to a lot of stock holders but they seem to have lost records of many .
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