An investigation for investors in Web.com Group Inc (NASDAQ:WWWW) shares over potential securities laws violations by Web.com Group was announced and NASDAQ:WWWW stockholders should contact the Shareholders Foundation
San Diego, CA -- (SBWIRE) -- 09/08/2015 -- An investigation for investors in NASDAQ:WWWW shares concerning potential violations of securities laws by Web.com Group in connection certain financial statements was announced.
Investors who purchased shares of Web.com Group Inc (NASDAQ:WWWW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Web.com Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 18, 2015, Web.com, (Nasdaq:WWWW) reported that it discovered an unauthorized breach of one of its computer systems on August 13, 2015 and that as the result of this attack, the credit card information of approximately 93,000 customers (of the company's over 3.3 million customers) may have been compromised. Shares of Web.com Group Inc (NASDAQ:WWWW) declined to as low as $20.25 per share on August 19, 2015.
On September 4, 2015, NASDAQ:WWWW shares closed at $21.76 per share.
Those who purchased shares of Web.com Group Inc (NASDAQ:WWWW) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego