NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against QuinStreet, Inc. (“QuinStreet” or the “Company”) (NYSE: QNST). This investigation concerns whether QuinStreet has violated federal securities laws and/or engaged in other unlawful business practices.
On April 11, 2019, Kerrisdale Capital published a report accusing QuinStreet of (a) artificially boosting the company’s “leads” revenue by secretly paying web surfers to click on its advertiser-sponsored links; and (b) failing to adequately disclose the company’s revenue concentration in, and growth from, a single large client, Progressive Insurance.
On August 8, 2019, the Company announced disappointing earnings for the second quarter of 2019, causing shares fall $4.56 per share, or 28%, to close at $11.81.
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 email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower 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: www.kmllp.com.
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