Deadline Upcoming in Settlement in the Investor Lawsuit Against CafePress Inc (NASDAQ: PRSS)
A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of CafePress Inc (NASDAQ: PRSS) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on August 31, 2015 and NASDAQ: PRSS investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 08/18/2015 --A deadline is coming up on August 31, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of CafePress Inc (NASDAQ: PRSS) between March 28, 2012 and July 10, 2013.
Investors who purchased a significant amount of shares of CafePress Inc (NASDAQ: PRSS) between March 28, 2012 and July 10, 2013, have certain options and should contact the Shareholders Foundation by email at email@example.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the CafePress Inc (NASDAQ: PRSS) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/cafepress-inc-nasdaq-prss-investor-securities-class-action-lawsuit-07102013
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is August 31, 2015. The class action administrator for this case is Gilardi & Co LLC.
The lawsuit was originally filed in the Superior Court of the State of California, County of San Mateo against CafePress Inc over alleged violations of Federal Securities Laws in connection with allegedly false and misleading statements made in connection with the CafePress Inc IPO.
According to the complaint the plaintiff alleges on behalf of persons and/or entities who purchased or otherwise acquired common stock of CafePress Inc pursuant and / or traceable to CafePress Inc's IPO that CafePress Inc raised $44.2 million in its IPO though allegedly false and misleading statements in its registration statement and prospectus.
On March 29, 2012, CafePress Inc filed with the SEC its IPO prospectus. In the IPO, CafePress Inc offered common stock for sale at a price of $19.00 per share.
Then on July 30, 2012, CafePress Inc. reported its financial results for the three months ended June 30, 2012. The same day CafePress Inc held a public conference call with investors, analysts and other market participants regarding its 2012 fiscal second quarter results.
Shares of CafePress Inc (NASDAQ: PRSS) declined from $14.68 per share on July 27, 2012, to $8.09 per share on July 31, 2012.
Those who purchased shares of CafePress Inc (NASDAQ: PRSS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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View this press release online at: http://rwire.com/617901