CafePress, Inc. (PRSS)

(NASDAQ: PRSS)

SUMMARY

 
 

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In CafePress, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at CafePress, Inc. (“CafePress” or the “Company”) (NASDAQ: PRSS).

The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies.  Specifically, the investigation focuses on whether CafePress failed to disclose in its March 28, 2012 Registration Statement that: (i) prior revenues were not indicative of future revenues, since its core business exhibited weakened revenues and growth in its shop segment; (ii) gross margins were under pressure because of increased sales and marketing spending due to competition; and (iii) positive revenues and growth of the Company’s shop segment were unsustainable.

On July 31, 2012, the Company issued disappointing second quarter 2012 financial results, announcing net revenues lower than the market’s expectations and reducing its previously reported guidance for 2012.  Following this news, the stock declined by $5.61 or over 40%.

Take Action

If you invested in CafePress stock or options pursuant or traceable to the Company’s Registration Statement and Prospectus issued in connection with its March 28, 2012 initial public offering and would like to discuss your legal rights, you can contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding CafePress’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

 
 

Request Information

 
  Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you. If you want to be a Lead Plaintiff or join
this action now, please click HERE.
Case:CafePress, Inc. (PRSS)
 
 
*Security code:
 
   
 
 

Contact Counsel


Richard W. Gonnello
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330
Email: 
rgonnello@faruqilaw.com

Send Information

If you have information regarding this case that you would
like to make available, please click here to contact us
about our investigation

Case Details