Aug. 16, 2013
/PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at CafePress, Inc. ("CafePress" or the "Company") (NASDAQ: PRSS).
The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies. Specifically, the investigation focuses on whether CafePress failed to disclose in its
March 28, 2012
Registration Statement that: (i) prior revenues were not indicative of future revenues, since its core business exhibited weakened revenues and growth in its shop segment; (ii) gross margins were under pressure because of increased sales and marketing spending due to competition; and (iii) positive revenues and growth of the Company's shop segment were unsustainable.
July 31, 2012
, the Company issued disappointing second quarter 2012 financial results, announcing net revenues lower than the market's expectations and reducing its previously reported guidance for 2012. Following this news, the stock declined by
or over 40%.
Request more information now by clicking here: www.faruqilaw.com/PRSS. There is no cost or obligation to you.
If you invested in CafePress stock or options pursuant or traceable to the Company's Registration Statement and Prospectus issued in connection with its
March 28, 2012
initial public offering and would like to discuss your legal rights, visit
. You can also contact us by calling
toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to
. Faruqi & Faruqi, LLP also encourages anyone with information regarding CafePress' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.FARUQI & FARUQI, LLP369 Lexington Avenue, 10th Floor
New York, NY
Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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