IRVINE, CA / ACCESSWIRE / May 2, 2017 / Khang & Khang LLP (the "Firm") announces a class action lawsuit against FTD Companies, Inc. ("FTD" or the "Company") (NASDAQ: FTD). Investors who purchased or otherwise acquired the Company's shares between March 13, 2015 and March 14, 2017 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the May 19, 2017 lead plaintiff motion deadline.
If you purchased FTD shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may also take no action and remain a passive class member.
The Complaint states that during the Class Period, FTD made false and/or misleading statements and/or failed to disclose that: FTD's financial statements contained errors relating to the assessment of cross-border indirect taxes; that the Company lacked effective internal controls over financial reporting; that FTD overstated the benefits of the Provide acquisition; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times.
On March 14, 2017, the Company announced that it identified "errors" relating to "the assessment of cross-border indirect taxes." FTD added that, as a result of the errors, it would revise its previously-reported consolidated financial statements for the years ended December 31, 2015 and 2014 and for the quarters in the years ended December 31, 2015 and 2016. Upon release of this news, FTD's stock price lowered materially, which harmed investors according to the Complaint.
If you wish to learn more about this lawsuit, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
Contact
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
[email protected]
SOURCE: Khang & Khang LLP