INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Marchex, Inc. of Pendency of Class Action Lawsuit and a Lead Pl...
January 04 2016 - 10:55AM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of
Marchex, Inc. (“Marchex”) (NASDAQ:MCHX)
between March 19, 2014 and September 18, 2014.
You are hereby notified that a
securities class action lawsuit has been commenced in the USDC for
the Southern District of New York. If you purchased or otherwise
acquired Marchex securities between March 19, 2014 and September
18, 2014, your rights may be affected by this action. To get more
information go to:
http://zlk.9nl.com/marchex-mchx.
The complaint alleges that throughout the class
period, defendants issued materially false and misleading
statements to investors and/or failed to disclose that: (1)
Allstate sought to switch its business with Marchex to a fixed-fee
basis from payments made for each call; (2) consequently, Marchex’s
revenue would be negatively impacted.
On September 18, 2014, Marchex announced that it
had lowered its 2014 call-driven revenue outlook. The Company
attributed this reduction in guidance to “revised commitments” from
Allstate.
If you suffered a loss in Marchex you
have until January 18, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/marchex-mchx.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, Connecticut and Washington D.C.
The firm’s attorneys have extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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