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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Marchex Inc | NASDAQ:MCHX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.02 | 1.48% | 1.37 | 0.5536 | 2.50 | 1.40 | 1.37 | 1.40 | 2,898 | 01:00:00 |
Lundin Law PC announces a class action lawsuit has been filed against Marchex, Inc. (“Marchex” or the “Company”) (NASDAQ: MCHX) concerning possible violations of federal securities laws between March 19, 2014 and September 18, 2015. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the January 19, 2016, lead plaintiff motion deadline.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at brian@lundinlawpc.com.
According to the complaint, the Company 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; and (3) as a result of the foregoing, defendants’ public statements about Marchex’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151208006799/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile: 888-713-1125brian@lundinlaw.com
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