Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Wayfair Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Wayfair Inc. (“Wayfair Inc.” or the “Company”) (NYSE:W) of the November 2, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
A lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class consisting of all persons or entities who purchased Wayfair securities between October 2, 2014 and August 31, 2015.
The complaint alleges that the Company and its executives violated federal securities laws by failing to disclose that Overstock.com Inc. is one of the Company’s chief competitors. Specifically, on August 31, 2015, a report published by Citron Research asserted that the Company failed to list Overstock as a competitor in its SEC filings despite the similarities between the two companies.
After the report’s publication, Wayfair’s share price fell from an opening price of $41.79 per share on August 31, 2015, to a closing price of $37.30 per share—a drop of $4.49 or over 10%.
If you invested in Wayfair stock or options between October 2, 2014 and August 31, 2015 and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding W’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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