Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Central District
of California on behalf of investors who purchased ValueClick, Inc.
(“ValueClick” or the “Company”) (NasdaqGS: VCLK) stock between February
14, 2013 and August 1, 2013.
For more information, click here: http://zlk.9nl.com/valueclick-vclk/.
The complaint alleges that during the Class Period, defendants failed to
disclose and/or misrepresented the following: (a) that ValueClick was
not effectively integrating certain of its acquisitions; (b) that
ValueClick had failed to adequately record impairment of a note
receivable; and (c) that persistent operational weakness in ValueClick’s
European operations and sales were weighing down revenue growth.
On August 1, 2013, ValueClick announced its second quarter 2013
financial results for the quarter ended June 30, 2013, reporting Media
sales for that quarter that fell far below stated expectations. On this
news, shares of ValueClick fell approximately 15% the following day.
If you suffered a loss in ValueClick you have until November 25, 2013 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn’t require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/valueclick-vclk/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut, and Washington D.C. The firm has 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 Levi, Esq.
Eduard
Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel:
(212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
Copyright Business Wire 2013