This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Newman Ferrara LLP Announces Investigation Of Bazaarvoice, Inc.

Newman Ferrara LLP is conducting an investigation on behalf of shareholders of Bazaarvoice, Inc. (“Bazaarvoice”) (Nasdaq: BV) into potential violations of federal securities laws and breaches of fiduciary duty by Bazaarvoice and certain of its officers and directors.

Bazaarvoice provides various social commerce solutions assisting businesses to make use of social media to better connect with their respective markets. On January 10, 2013, the Department of Justice announced that it had filed a civil antitrust lawsuit against Bazaarvoice for alleged violations of the Hart-Scott-Rodino Antitrust law, in connection with its June 2012 acquisition of PowerReviews, Inc. in a transaction valued at approximately $168.2 million. Specifically, according to Bill Baer, Assistant Attorney General in charge of the Department of Justice’s Antitrust Division, “Bazaarvoice bought PowerReviews knowing that it was acquiring its most significant rival and hoping to benefit from diminished price competition. Without competitive pressure from PowerReviews, Bazaarvoice will be able to increase prices to retailers and manufacturers for its product ratings and reviews platform.”

On this news, shares of Bazaarvoice stock dropped 17% from $9.00 per share to a January 10, 2013 closing price of $7.49 per share. On the following day, shares of Bazaarvoice stock dropped another 11% to a January 11, 2013 closing price of $6.65 per share.

Shareholders of Bazaarvoice stock can contact Newman Ferrara attorneys Jeffrey Norton ( or Roy Shimon ( to discuss this investigation and their rights as Bazaarvoice shareholders.

Whistleblowers: Persons with knowledge that may aid in the investigation of this matter are encouraged to contact the firm. Under the Dodd-Frank Wall Street Reform Bill, whistleblowers are protected from employer retaliation and may be entitled to as much as 30 percent of the recovery if the information provided leads to a successful action.

Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs