Branham Law, LLP announces that it has launched an investigation for possible violations of federal law stemming from a Department of Justice suit against Austin, Texas based Bazaarvoice, Inc. (NASDAQ:BV).
The Department of Justice filed an antitrust lawsuit against Bazaarvoice earlier this month relating to the Company's acquisition of PowerReviews, Inc., a California based company. Bazaarvoice's stock has since declined almost forty percent and the CEO resigned unexpectedly.
November 2012 saw Bazaarvoice report second-quarter losses of $11.2 million and revenue of $38.6 million. This was a drastic reversal from losses of $5.8 million and revenue of $25 million in the same quarter for 2011. After the DOJ suit was filed, Bazaarvoice shares dropped by 17% from $9.00 per share to $6.65 per share on January 11, 2013.
Investors purchasing Bazaarvoice prior to the PowerReviews, Inc. acquisition, or anyone with information relating to the allegations at hand are encouraged to contact Trey Branham, Managing Partner of Branham Law, LLP at 1-877-722-5910 or tbranham@branham-law.com.
Additionally, anyone with knowledge that may aid in the investigation may, under the Dodd-Frank Act, be entitled to as much as thirty percent of any recovery where their information leads to an actual recovery.
Branham Law, LLP
Trey Branham, 877-722-5910
www.branham-law.com
.is(':checked'))MM_swapImgRestore(); else MM_swapImage('Checkbox1','','http://im.mstar.com/Im/Mbr/Form_PremCheckbox_Checked.gif',1);void($('#emailMe').attr('checked', !$('#emailMe').is(':checked')))){kind=small}
News More...
| Start Premium Trial | Register For Free |
| P | F | Fund Financial Data (13,000+ funds) |
| P | F | Stock Financial Data (7,000+ stocks) |
| P | F | Stock and Fund Screeners (basic) |
| P | F | Investing Articles and Market Commentary |
| P | F | Articles Archive (>30 days) |
| P | F | Discuss (dozens of stock, fund, bond, and general bulletin boards) |
| P | F | Portfolio Manager (basic) |
| P | F | Morningstar Investment Classroom |
| P | F | Morningstar Investing Classroom Rewards (earn as you learn and redeem for Morningstar merchandise) |
| P | Morningstar Fund Analyst Reports (full research on 2,000 funds and ETFs) | |
| P | Morningstar Stock Analyst Reports (full research on 2,000 stocks) | |
| P | Morningstar Stock and Fund Stewardship Grades | |
| P | Portfolio Manager (advanced with 10 x-ray analyses, including guidance) | |
| P | Portfolio Monitor (monthly and on-demand personalized portfolio statements) | |
| P | Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more) | |
| P | Morningstar Stock and Fund Favorites & Red Flags eNewsletters | |
| P | Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you) | |
| P | Discounts on Morningstar newsletters, books, seminars, and more |