FORT LAUDERDALE, Fla.,
March 22, 2017 /PRNewswire/ --
Attorney Advertising -- the law firm of Salpeter Gitkin, LLP
announces that a shareholder class action has been filed against
FTD Companies, Inc. (NASDAQ: FTD) ("FTD" or the "Company") on
behalf of purchasers of the Company's securities between
March 13, 2015 and March 14, 2017, inclusive (the "class
period").
FTD provides floral and related gifts and products to consumers
and retail florists primarily in the U.S., Canada, the U.K., and the Republic of Ireland. In December 2014, FTD announced the closing of a
$430 million acquisition of "Provide
Commerce," a floral and gifting business. The shareholder
class action complaint alleges that FTD and certain of its
executive officers made a series of materially false and misleading
statements to investors during the Class Period. Specifically, the
defendants are alleged to have made materially false and misleading
statements and/or failed to disclose that: (i) FTD's financial
statements contained errors relating to the assessment of
cross-border indirect taxes; (ii) in turn, the Company lacked
effective internal controls over financial reporting; and (iii) FTD
had overstated the benefits of the Provide Commerce
acquisition.
FTD shareholders may, no later than May
19, 2017, petition the Court to be appointed as a lead
plaintiff of the class. A lead plaintiff is a representative
party who acts on behalf of all class members in directing the
litigation. In order to be a lead plaintiff, the Court must
determine that the class member's claims are typical of the claims
of other class members and that the class member will adequately
represent the interests of the class.
Shareholders interested in learning more about the class action,
or interested in becoming a lead plaintiff, should contact Salpeter
Gitkin, LLP (Attn: James Gitkin) at
800-675-4128 or info@salpetergitkin.com or shareholders can
complete the contact page at
http://www.salpetergitkin.com/Contact.shtml.
Salpeter Gitkin, LLP is a civil litigation and transactional law
firm handling cases throughout the United States. Its
principal areas of practice include shareholder and consumer class
actions, serious personal injury, complex commercial ligation, and
real estate litigation and transactions. The firm is
currently investigating and litigating various shareholder claims
against major corporations. More information on the firm and
its lawyers can be found at
http://www.salpetergitkin.com/Business-Law/Shareholder-Derivative-Claims.shtml.
CONTACT:
Salpeter Gitkin, LLP
Attn: James P. Gitkin, Esq.
1 E. Broward Boulevard
Suite 1500
Fort Lauderdale, FL 33301
800-675-4128
954-467-8622
info@salpetergitkin.com
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SOURCE Salpeter Gitkin, LLP