NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it is investigating potential securities claims against ChannelAdvisor Corporation (NYSE:ECOM) resulting from allegations that ChannelAdvisor may have issued materially misleading business information to the investing public.
On January 12, 2015, ChannelAdvisor announced disappointing preliminary revenue results for the quarter ended December 31, 2014, which fell short of its prior guidance. ChannelAdvisor attributed the disappointing results to an unusual shift of gross merchandise volume to larger customers during the holiday season, which led to lower variable subscription revenue On this news, shares of ChannelAdvisor fell $11.32 per share or over 53% to close at $9.83 per share on January 13, 2015.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by ChannelAdvisor shareholders as a result of this adverse information. If you purchased ChannelAdvisor stock on or before January 12, 2015, please visit the website at http://rosenlegal.com/cases-475.html to join the class action and for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
