A Deadline is coming up on October 28, 2013 in the lawsuit for investors in Expedia Inc (NASDAQ:EXPE) and NASDAQ:EXPE stockholders should contact the Shareholders Foundation at email@example.com
San Diego, CA -- (SBWIRE) -- 10/14/2013 -- A deadline is coming up on October 28, 2013 in the lawsuit filed for investors of Expedia Inc (NASDAQ:EXPE).
Investors with a substantial investment in Expedia Inc (NASDAQ:EXPE) shares between July 27, 2012 and July 25, 2013, should get active before the Deadline that is coming up on October 28, 2013, and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Western District of Washington the plaintiff alleges on behalf of purchasers of Expedia Inc (NASDAQ:EXPE) between July 27, 2012 and July 25, 2013, that Expedia Inc and certain of its officers and directors violated the Securities Exchange Act of 1934.
More specifically, the plaintiff alleges that between July 27, 2012 and July 25, 2013, defendants issued materially allegedly false and misleading statements regarding the Company’s business and prospects, including the impact that spinning off TripAdvisor would have on Expedia’s revenues and profits and that as a result of defendants’ alleged false statements and/or omissions, Expedia’s stock traded at artificially inflated levels between July 27, 2012 and July 25, 2013.
OnJuly 25, 2013, Expedia Inc announced its second quarter 2013 earnings. Among other things, Expedia Inc reported that its second quarter Revenue rose from over $1.03 billion in 2012 to over $1.2 billion in 2013. However, its second quarter Net Income declined from $105.24 million in 2012 to $71.50 million in 2013.
Shares of Expedia Inc declined from $65.62 per share on July 25, 2013, to $46.026 per share on July 29, 2013
On October 11, 2013, NASDAQ:EXPE shares closed at $51.73 per share.
Those who purchased shares of Expedia Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego