RetailMeNot ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Continues Its Investigation of RetailMeNot, Inc.; Encour...
August 05 2015 - 9:50AM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP’s
investigation into whether certain officers and directors of
RetailMeNot, Inc. (Nasdaq: SALE) violated state or federal laws
continues.
Before the markets opened on August 5, 2015, RetailMeNot stock
was down significantly in pre-market trading after the Company
reported a second quarter 2015 loss of $1.6 million, after
reporting a profit in the same period a year earlier. The results
missed Wall Street expectations. The average estimate of five Wall
Street analysts was for earnings of $.13 cents per share.
Additionally, the Company reduced guidance for the balance of the
year. On this news, RetailMeNot shares were trading down over 30%
in pre-market.
Previously, on November 4, 2014, RetailMeNot stock dropped
abruptly when the digital coupon company announced its chief
financial officer was stepping down and the Company was
lowering fourth quarter guidance. On the news, RetailMeNot shares
fell nearly 30% to close at $14.35.
Specifically, Johnson & Weaver’s investigation seeks to
determine whether prior statements regarding the Company’s business
and prospects were false and misleading when made.
If you have information that could assist in this investigation,
or if you are a RetailMeNot shareholder and are interested in
learning more about the investigation or your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) by email or by phone at
619-814-4471.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York, and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150805005991/en/
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
RETAILMENOT, INC. (NASDAQ:SALE)
Historical Stock Chart
From Jun 2024 to Jul 2024
RETAILMENOT, INC. (NASDAQ:SALE)
Historical Stock Chart
From Jul 2023 to Jul 2024