Lundin Law PC announces a class action lawsuit has been filed against Marchex,
Inc. (“Marchex” or the “Company”) (NASDAQ: MCHX)
concerning possible violations of federal securities laws between March
19, 2014 and September 18, 2015. Investors who purchased or otherwise
acquired shares during the Class Period should contact the Firm in
advance of the January 19, 2016, lead plaintiff motion deadline.
To participate in this class action lawsuit, please contact Brian
Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at brian@lundinlawpc.com.
According to the complaint, the Company issued materially false and
misleading statements to investors and/or failed to disclose that (1)
Allstate sought to switch its business with Marchex to a fixed-fee basis
from payments made for each call; (2) consequently, Marchex’s revenue
would be negatively impacted; and (3) as a result of the foregoing,
defendants’ public statements about Marchex’s business, operations, and
prospects were false and misleading and/or lacked a reasonable basis at
all relevant times.
No class has been certified in the above action. Until a class is
certified, you are not considered represented by an attorney. You may
also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based
in Los Angeles.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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