NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of QuinStreet, Inc. (NASDAQ: QNST) resulting from allegations that QuinStreet may have issued materially misleading business information to the investing public.
On April 11, 2018, Kerrisdale Capital published a report asserting that QuinStreet’s revenue growth is a “sham” and mainly the result of “malware redirects [and] bogus leads from web surfers trying to score [online currency.]” On this news, shares of QuinStreet fell $2.18 per share or over 17% to close at $10.14 per share on April 11, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by QuinStreet investors. If you purchased shares of QuinStreet please visit the firm’s website at http://www.rosenlegal.com/cases-1318.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm was Ranked No. 1 by Institutional Shareholder Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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