An investigation on behalf of current long term investors in Etsy Inc (NASDAQ:ETSY) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:ETSY stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 07/28/2015 --An investigation on behalf of current long-term investors in shares of Etsy Inc (NASDAQ:ETSY) concerning potential breaches of fiduciary duties by certain directors and officers of Etsy Inc was announced.

Investors who are current long term investors in Etsy Inc (NASDAQ:ETSY) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ:ETSY stocks follows a lawsuit filed recently against Etsy Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:ETSY stocks, concerns whether certain Etsy officers and 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 Eastern District of New York the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 16, 2015 and May 10, 2015defendants made false and/or misleading statements and/or failed to disclose thatmore than 5% of all merchandise for sale on Etsy's website were either counterfeit or constituted trademark or copyright infringement, that Brands are increasingly pursuing sellers on Etsy's platform for trademark or copyright infringement, jeopardizing the Company's listing fees and commissions, and that as a result of the foregoing, Etsy's public statements were materially false and misleading at all relevant times.

On May 11, 2015 a report was published that alleged that Etsy Inc may have counterfeit and infringement problems that eclipse those of other e-commerce giants. Specifically, an analyst report concluded that as many as 2 million items on Etsy may potentially be either counterfeit or constitute trademark or copyright infringement.

Shares of Etsy Inc (NASDAQ:ETSY) declined on July 6, 2015 to as low as $12.80 per share.

Those who purchased shares of Etsy Inc (NASDAQ:ETSY) 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