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 announced by Shareholders Foundation - EconoTimes)
SAN DIEGO, April 10, 2017 -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain purchasers of shares of FTD Companies Inc (NASDAQ:FTD) over alleged Securities Laws Violations by FTD Companies Inc.
Investors, who purchased shares of FTD Companies Inc (NASDAQ:FTD), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On March 14, 2017, FTD Companies Inc announced its fourth quarter and full year 2016 financial results. Among other things, FTD Companies disclosed that it had identified “errors” relating to “the assessment of cross-border indirect taxes.” FTD Companies further disclosed that, as a result of the errors, it would revise its previously-reported consolidated financial statements for the years ended December 31, 2015 and 2014 and for the quarters in the years ended December 31, 2015 and 2016.
On March 20, 2017, a lawsuit was filed against FTD Companies Inc (NASDAQ:FTD) over alleged violations of Securities Laws. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that FTD Companies Inc’s financial statements contained errors relating to the assessment of cross-border indirect taxes, that in turn, the Company lacked effective internal controls over financial reporting, that FTD Companies Inc had overstated the benefits of the Provide acquisition, and that as a result of the foregoing, FTD Companies Inc’s public statements were materially false and misleading at all relevant times.
Those who purchased FTD Companies Inc (NASDAQ:FTD) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 [email protected] 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
