A lawsuit was filed on behalf of investors in Wayfair Inc (NYSE:W) shares over alleged securities laws violations and NYSE:W investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 09/23/2015 --A shareholder in shares of Wayfair Inc (NYSE:W), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Wayfair Inc in connection with certain allegedly false and misleading statements made between October 2, 2014 and August 31, 2015.

Shares of Wayfair Inc (NYSE:W) declined from $53.58 per share in August to as low as $31.17 per share on September 15, 2015.

Investors who purchased shares of Wayfair Inc (NYSE:W) have certain options and for certain investors are short and strict deadlines running. Deadline: November 2, 2015. NYSE:W investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.

The plaintiff alleges on behalf of purchasers of Wayfair Inc (NYSE:W) common shares between October 2, 2014 and August 31, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 2, 2014 and August 31, 2015 defendants issued allegedly materially false and misleading statements to investors and/or failed to disclose that Overstock is a competitor and that as a result, Wayfair's public statements were materially false and misleading at all relevant times.

On August 31, 2015, a report was published on Wayfair Inc (NYSE:W) asserting, among other things, that Wayfair Inc deliberately refused to acknowledge Overstock as a competitor in its SEC filings, despite similarities between the two companies, and that Wayfair Inc's CEO Niraj Shah stated in an August 13, 2015 interview that Wayfair Inc was profitable "for the first nine years of this business" even though Wayfair's S-1 filing indicates that it had $190 million in cumulative losses before going public.

Those who purchased shares of Wayfair Inc (NYSE:W) 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