LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against FTD Companies Inc. (“FTD” or the “Company”) (Nasdaq: FTD). Investors, who purchased or otherwise acquired 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.
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.
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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