LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against FTD Companies, Inc. (“FTD” or the “Company”) (Nasdaq: FTD). Investors who purchased shares between March 13, 2015 and March 14, 2017 inclusive (the “Class Period”) are encouraged to contact the firm in advance of the May 19, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The complaint alleges that during the Class Period, FTD made false and/or misleading statements and/or failed to disclose that: FTD’s financial statements contained errors relating to the assessment of cross-border indirect taxes; that the Company lacked effective internal controls over financial reporting; that FTD overstated the benefits of the Provide acquisition; and that as a result of the above, FTD’s public statements were materially false and misleading at all relevant times. On March 14, 2017, FTD announced that it identified “errors” relating to “the assessment of cross-border indirect taxes.” FTD added 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 news reached the public, shares of FTD fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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