NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announced today that a class action lawsuit has been filed in the United States District Court for the Northern District of California, against QuinStreet, Inc. (“QuinStreet” or the “Company”) (NASDAQ: QNST) on behalf of investors that acquired QuinStreet securities during the period from February 10, 2016 through April 10, 2018 (the “Class Period”), seeking recovery of damages for alleged violations of the federal securities laws. Pursuant to applicable law, investors have until June 26, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that on April 11, 2018, as the market opened, Kerrisdale Capital published a report entitled “QuinStreet, Inc. (QNST) Leading Nowhere” which suggested that QuinStreet was generating fake web traffic and poor-quality clicks for its customers. On this news, shares of QuinStreet fell from $12.32 to close at $10.14 per share on April 11, 2018 (a decline of $2.18).
If you acquired QuinStreet securities, have information or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form to discuss your rights or interests in this litigation.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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