This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Investor Alert: Wites & Kapetan Announces Investigation Of Tremor Video, Inc.’S Decline In Share Value And Possible Class Action Lawsuit

Stocks in this article: TRMR

Wites & Kapetan, P.A. announces their investigation of Tremor Video Inc. (NYSE: TRMR). On or about June 27, 2013, Tremor Video raised approximately $75 million in gross proceeds by selling 7.5 million shares at $10 per share in an Initial Public Offering (“IPO”). On November 7, 2013 after the market closed, Tremor Video reported its third quarter 2013 financial results. The Company disclosed that in the third quarter 2013 its revenue was $35.3 million and its net loss was $2.2 million. Following this news, the Company’s common stock declined by $4.54 per share, more than 49%, to close at $4.72 per share.

A complaint has been filed in the United States District Court for the Southern District of New York against Tremor Video, certain officers and directors of the Company, and the underwriters of the IPO. Among other things, the action alleges that the Registration Statement issued in connection with Tremor Video’s IPO contained untrue statements of material facts or omitted to state other facts necessary to make the statements made not misleading. More specifically, the complaint alleges that the defendants failed to disclose certain facts which existed at the time of the IPO, such as that the online advertising market had materially shifted towards mobile browsing, as opposed to desktop browsing, where Tremor Video was at a significant disadvantage to its competitors, and that Tremor Video was losing sales to competitors as a result of inferior mobile browsing capabilities.

If you are an investor who purchased Tremor Video stock you may have a legal claim against the Company and could serve as the lead plaintiff in a class action lawsuit. The deadline to file a motion for appointment as the lead plaintiff is January 21, 2014. If you are interested in being the lead plaintiff, or would like to speak with an attorney about your legal rights, contact the attorneys at Wites & Kapetan, P.A. by email at info@wklawyers.com or toll-free at 1 (866) 277-8631.

Wites & Kapetan, P.A. is a law firm with offices in Oakland, California and Lighthouse Point, Florida, with expertise in the representation of investors in securities fraud and investor litigation claims. You may visit its website at www.wklawyers.com.

Michele Desoer, an attorney at Wites & Kapetan, is a member of the State Bar of California and is responsible for the content of this advertisement.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs