The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in Travelzoo Inc. of Class Action Lawsuit and Lead Plaintiff Deadline of October 11, 2011 - TZOO
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/11/11 -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Travelzoo Inc. ("Travelzoo" or the "Company") (NASDAQ: TZOO) common stock from April 21, 2011 through July 21, 2011 (the "Class Period").
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The complaint alleges that during the Class Period, Travelzoo and certain of its officers issued a series of materially false and misleading statements regarding 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 plummeted more than 30 percent, from a closing price of $85.71 per share on July 20, 2011, to $56.00 the following day.
If you are a member of the class and suffered a loss in Travelzoo stock, you have until October 8, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph Levi, Esq. either via email at or by telephone at (877) 363-5972, or visit .
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 11.08.2011 - 15:57 Uhr
Sprache: Deutsch
News-ID 45282
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