BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of shareholders of Bazaarvoice Inc. (“Bazaarvoice” or the “Company”) (NASDAQ:BV). The investigation concerns possible breaches of fiduciary duties by the Company or its fiduciaries.
Bazaarvoice provides various social commerce solutions in the United States and internationally. The investigation is related to a civil antitrust lawsuit filed by the Department of Justice (“DOJ”) against Bazaarvoice challenging the Company's June 2012 acquisition of PowerReviews Inc. According to the DOJ, the $168.2 million transaction substantially lessened competition in the market for product ratings and reviews platforms in the United States, resulting in higher prices and diminished innovation.
If you purchased Bazaarvoice shares and still hold those shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll-Free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.