NEW ORLEANS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24W&src=ctag” target=”_blank”gt;$Wlt;/agt; lt;a href=”https://twitter.com/hashtag/W?src=hash” target=”_blank”gt;#Wlt;/agt;–ClaimsFiler, a FREE shareholder information service, reminds investors
that they have until March 11, 2019 to file lead plaintiff
applications in a securities class action lawsuit against Wayfair Inc.
(NYSE:W), if they purchased the Company’s Class A shares between August
2, 2018 and October 31, 2018, inclusive (the “Class Period”). This
action is pending in the United States District Court for the District
Wayfair investors should visit us at https://www.claimsfiler.com/cases/view-wayfair-inc-securities-litigation-1
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are
available to discuss your legal options.
About the Lawsuit
On November 1, 2018, pre-market, the Company disclosed shocking
financial results for Q3 2018 including a staggering GAAP net loss of
$151.7 million (compared to loss of $76.4 million in Q3 2017), and a 43%
increase in advertising expenses of more than $202.5 million.
On this news, the price of Wayfair’s shares plummeted more than $14 per
share, or nearly 13%, to close at $96.16 per share on November 1, 2018.
The case is Goodstein v. Wayfair Inc., et al., No. 19-cv-10062.
ClaimsFiler has a single mission: to serve as the information source to
help retail investors recover their share of billions of dollars from
securities class action settlements. At ClaimsFiler.com, investors can:
(1) register for free to gain access to information and settlement
websites for various securities class action cases so they can timely
submit their own claims; (2) upload their portfolio transactional data
to be notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick & Foti,
LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
Lewis Kahn, 844-367-9658