Levi & Korsinsky announces it has commenced an investigation of Wayfair,
Inc. (“Wayfair” or the “Company”) (NYSE: W) concerning possible
violations of federal securities laws by certain officers and directors.
The investigation concerns a report issued by Citron Research which
states, among other allegations, that Wayfair had deliberately refused
to acknowledge Overstock as a competitor in its SEC filings, despite the
similarities between the two companies, because to do so would make it
apparent that “Wayfair’s stock is not worth more than $10 a share.” The
report also notes that in an August 31, 2015 interview, Wayfair’s CEO
referred to the company as profitable “for the first nine years of this
business” when, per the Company’s filings, Wayfair had $190 million in
cumulative losses before going public, and this number has continued to
escalate. To obtain additional information about the investigation, go
to:
http://zlk.9nl.com/wayfair-w
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s attorneys have
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.
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