San Diego, CA -- (SBWIRE) -- 05/24/2016 -- An investigation on behalf of current long-term investors in shares of Liquidity Services, Inc. (NASDAQ:LQDT) concerning potential breaches of fiduciary duties by certain directors and officers of Liquidity Services, Inc. was announced.

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) declined from over $64 per share ion May 2012 to as low as $4.42 per share in February 2016.

Investors who are current long term investors in Liquidity Services, Inc. (NASDAQ:LQDT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm for current long term investors in NASDAQ:LQDT stocks follows a lawsuit filed against Washington, DC based Liquidity Services over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:LQDT stocks, concerns whether certain Liquidity Services directors are liable in connection with the allegations made in that lawsuit. According to that complaint filed in the U.S. District Court for the District Court for the District of Columbia the plaintiff alleges that Liquidity Services, Inc. allegedly falsely represented the financial condition of the Company in issuing false and misleading statements concerning the Company's current and future profitability, its growth initiatives including the integration and performance of its acquisitions, the seriousness of the competition in the industry, and the adverse effects of its declining Department of Defense business and the offsetting gains in its commercial and local and state government segments.

Furthermore, the plaintiff alleges that defendants wrongfully portrayed Liquidity Services, Inc.as a profitable, growing company with substantial potential for further growth, and falsely reassured investors that any struggles by Liquidity Services, Inc.were merely temporary side effects to its lucrative growth initiative and that these material misrepresentations and omissions artificially inflated Liquidity Services, Inc.'s stock and allowed certain Company insiders to receive a windfall from selling Liquidity Services, Inc.'s stock at inflated prices.

On May 20, 2016, NASDAQ:LQDT shares closed at $6.54 per share.

Those who purchased shares of Liquidity Services, Inc. have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com