SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP’s investigation into whether certain officers and directors of RetailMeNot, Inc. (Nasdaq: SALE) violated state or federal laws continues.
Before the markets opened on August 5, 2015, RetailMeNot stock was down significantly in pre-market trading after the Company reported a second quarter 2015 loss of $1.6 million, after reporting a profit in the same period a year earlier. The results missed Wall Street expectations. The average estimate of five Wall Street analysts was for earnings of $.13 cents per share. Additionally, the Company reduced guidance for the balance of the year. On this news, RetailMeNot shares were trading down over 30% in pre-market.
Previously, on November 4, 2014, RetailMeNot stock dropped abruptly when the digital coupon company announced its chief financial officer was stepping down and the Company was lowering fourth quarter guidance. On the news, RetailMeNot shares fell nearly 30% to close at $14.35.
Specifically, Johnson & Weaver’s investigation seeks to determine whether prior statements regarding the Company’s business and prospects were false and misleading when made.
If you have information that could assist in this investigation, or if you are a RetailMeNot shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) by email or by phone at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.