TREMOR VIDEO, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors Of Class Action Against Tremor Video, Inc. And Its Board Of Directors And A Lead Plaintiff Deadline Of January 21, 2014 -- TRMR
Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Tremor Video, Inc. (“Tremor Video” or the “Company”) (NYSE: TRMR) securities pursuant and/or traceable to the Company’s June 27, 2013 Initial Public Offering (the “IPO”).
For more information, click here: http://zlk.9nl.com/tremor-video-trmr/.
The complaint alleges that the Company issued materially false and misleading statements and/or failed to disclose significant facts in its Registration Statement. In particular, it is alleged that the Company failed to disclose: (a) that the online advertising market had materially shifted from desktop browsing to mobile browsing, where the Company was at a significant disadvantage to its competitors; and (b) that, as a result of the Company’s inferior mobile browsing capabilities, the Company was losing sales to competitors.
The Company raised approximately $75 million in gross proceeds from the IPO. During the IPO shares of Tremor Video stock were sold for $10 a share and since the IPO, the value of the Company's stock has declined by approximately 60%.If you suffered a loss in Tremor Video you have until January 21, 2014 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 firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/tremor-video-trmr/. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV