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Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased ValueClick, Inc. (“ValueClick” or the “Company”) (Nasdaq:VCLK) common stock between February 14, 2013 and August 1, 2013.
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The complaint alleges that during the Class Period, defendants failed to disclose and/or misrepresented the following: (a) that ValueClick was not effectively integrating certain of its acquisitions; (b) that ValueClick had failed to adequately record impairment of a note receivable; and (c) that persistent operational weakness in ValueClick’s European operations and sales were weighing down revenue growth.
On August 1, 2013, ValueClick announced its second quarter 2013 financial results for the quarter ended June 30, 2013, reporting Media sales for that quarter that fell far below stated expectations. On this news, shares of ValueClick fell approximately 15% the following day.
If you suffered a loss in ValueClick you have until November 25, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.