SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of MaxPoint Interactive, Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of October 30, 2015 -- MXPT
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 09/08/15 -- The following statement is being issued by Levi & Korsinsky, LLP:
or otherwise acquired securities of ("MaxPoint Interactive") (NYSE: MXPT)
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 MaxPoint securities pursuant to the IPO, your rights may be affected by this action. To get more information :
or contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
The complaint alleges that the MaxPoint IPO offering documents failed to disclose material information, including that the Company was deriving two-thirds of its sales from only 50 customers, and that due to this high customer concentration, it was more exposed to those customers' budgetary proclivities and promotional activities. The complaint also alleges that MaxPoint had been signing smaller customers with smaller advertising budgets in the months leading up to the IPO, and that as a result, MaxPoint's sales growth was declining at the time of the IPO, which would have a material impact on MaxPoint's profitability.
to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
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
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 08.09.2015 - 16:32 Uhr
Sprache: Deutsch
News-ID 418591
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