Khang & Khang LLP announces that it is investigating claims of potential
misrepresentations by Wayfair Inc. (“Wayfair” or the “Company”) (NYSE: W).
The investigation focuses on whether the Company and its officers
violated securities laws by issuing misleading information to investors.
If you purchased shares of Wayfair during the Class Period, please
contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman
Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by
email at joon@khanglaw.com.
There has been no class certification in this case. Until certification
occurs, you are not represented by an attorney. You may choose to take
no action and remain a passive class member.
The investigation concerns whether the Company violated the Securities
Exchange Act of 1934. Specifically, the investigation will focus on a
report issued by Citron Research concerning the Company. The Citron
report claims 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.” When the truth was
revealed, shares dropped causing investors harm.
If you wish to learn more about this lawsuit, or if you have any
questions concerning this notice or your rights, please contact Joon M.
Khang, a prominent litigator for almost two decades, by telephone: (949)
419-3834, or by email at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150904005716/en/
Copyright Business Wire 2015