NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until March 11, 2019 to file lead plaintiff applications in a securities class action lawsuit against Wayfair Inc. (NYSE: W). Investor losses must relate to purchases of the Company’s Class A shares between August 2, 2018 and October 31, 2018. This action is pending in the United States District Court for the District of Massachusetts.
What You May Do
If you purchased shares of Wayfair and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit https://www.ksfcounsel.com/cases/nyse-w/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by March 11, 2019.
About the Lawsuit
On November 1, 2018, the Company disclosed shocking financial results for Q3 2018 including a staggering GAAP net loss of $151.7 million (compared to loss of $76.4 million in Q3 2017), and a 43% increase in advertising expenses of more than $202.5 million.
On this news, the price of Wayfair’s shares plummeted more than $14 per share.
The case is Goodstein v. Wayfair Inc., et al., No. 19-cv-10062.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.