LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against FTD Companies, Inc. (“FTD” or the “Company”) (Nasdaq: FTD) concerning possible violations of federal securities laws.
FTD revealed it had located “errors” relating to “the assessment of cross-border indirect taxes.” FTD further stated that, as a result of the errors, it would revise its previously-reported consolidated financial statements for the years ended December 31, 2015 and 2014 and for the quarters in the years ended December 31, 2015 and 2016.
When this information was revealed to the public, the value of FTD stock fell, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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