LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces it is investigating claims against Marchex, Inc. (“Marchex” or the “Company”) (Nasdaq: MCHX) concerning possible violations of federal securities laws. The investigation is related to allegations that certain statements issued by Marchex were false and misleading concerning the Company’s financial performance.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at email@example.com.
On September 18, 2014, Marchex announced that it had lowered its 2014 call-driven revenue outlook. The Company attributed this reduction in guidance to “revised commitments” from Allstate. The Company claimed that Allstate was seeking to switch to a fixed-fee basis instead of payments made for each call.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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