The Law Offices of Nicholas Koluncich III, LLC is investigating possible breaches of fiduciary duty by the Board of Directors of Bazaarvoice (“BV” or “Bazaarvoice”), the details of which came to light on January 10, 2013. On that date, the United States Department of Justice announced that it had filed an antitrust lawsuit alleging that BV’s 2012 acquisition of a competitor, PowerReviews, Inc., was calculated to result in “diminished price competition” for the unique internet product rating and reviews niche. As a result of the Board’s decision to enter into the transaction which precipitated the DOJ action, BV shareholders suffered a swift decline in share value. NASDAQ noted a decline in BV shares of over $2.00/share (approximately 25%) in the days following the DOJ announcement. For information about the DOJ case or a more detailed explanation as to what the Department of Justice lawsuit means to shareholders, please feel free to contact us at the contact information below.
If you own BV shares or have any questions concerning your rights and interests with regard to this matter, please contact The Law Offices of Nicholas Koluncich III, LLC. Initial consultation is free of charge and all information shall be treated as privileged and confidential. Although no success in litigation is ever assured, as a Bazaarvoice shareholder, you may be eligible for some form of financial recovery.
The Law Offices of Nicholas Koluncich III, LLC6501 Americas Parkway NEOne Park Square – Suite 820Albuquerque, NM 87110(505) 881-2228FAX (505) 881-4288
The Law Offices of Nicholas Koluncich III, LLC has been representing individual and institutional investors for over a decade, and served as counsel in numerous cases in U.S. federal and state courts.