NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of Etsy, Inc, (NASDAQ:ETSY) securities from April 16, 2015 through May 10, 2015 (the “Class Period”). The lawsuit seeks to recover damages for Etsy investors under the federal securities laws.
To join the Etsy class action, go to the firm’s website at http://www.rosenlegal.com/cases-611.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit claims that defendants during the Class Period misrepresented Etsy’s business and operations. Specifically, the lawsuit claims that defendants misstated and/or failed to disclose that: (1) over 5% of all merchandise for sale on Etsy’s website were either counterfeit or constituted trademark or copyright infringement; (2) brands are increasingly pursing sellers on Etsy’s platform for trademark or copyright infringement, jeopardizing Etsy’s listing fees and commissions; and (3) as a result, Etsy’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims shares of Etsy fell $1.86 per share on heavy trading volume to close at $20.85 per share on May 11, 2015.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 13, 2015. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-611.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.