Ryan & Maniskas, LLP (
) has commenced an investigation into potential securities law violations by certain officers of The Active Network, Inc. (“Active Network” or the “Company”) (NYSE: ACTV). The investigation focuses on allegations that certain statements issued by the Company regarding the Company’s business, operations and financial condition were false and misleading.
Active Network shareholders should contact Richard A. Maniskas, Esquire at 877-316-3218 or at
to learn more about this investigation.
On October 31, 2012, Prescience Point published an article on Seeking Alpha wherein it stated, in part, that there are “glaring signs of financial strain that have appeared in the face of declining organic growth. We believe that management has resorted to masking the company's weakening financial condition by gaming the accounting, and reducing investor disclosures. As a result of our serious concerns about the integrity of its financial reporting, we believe Active is at high risk of being forced to restate historical financial results.” Then on November 1, 2012, the Company, after the market closed, issued weak fourth-quarter guidance. On this news, shares of Active Network plunged dramatically.
If you purchased Active Network shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit:
. You may also email Mr. Maniskas at
. For more information about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.