DEADLINE REMINDER ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against QuinStreet, Inc. & Encour...
22 June 2018 - 6:57AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against
QuinStreet, Inc. (''QuinStreet'' or ''the Company'') (NASDAQ: QNST)
for violations of §§10(b) and 20(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated thereunder by the U.S.
Securities and Exchange Commission.
Investors who purchased the Company's shares between February
10, 2016 and April 10, 2018, inclusive (the ''Class Period''), are
encouraged to contact the firm before June 26, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, QuinStreet made materially false and
misleading statements throughout the class period. It alleges that
the company displayed reckless disregard in relation to
click-through fraud. Sites owned by QuinStreet delivered inflated,
false, and/or low-quality traffic for clients. In general, the
company’s business practices did not have the aim of delivering to
its customers high-potential leads, quality prospects, and useful
clicks. As a result, QuinStreet’s claims about the company’s
business operations and financial prospects were materially false
and misleading throughout the class period. According to the
lawsuit, when accurate information about QuinStreet became apparent
in the market, investors suffered damages.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180621006337/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian,
Esq.,www.schallfirm.com310-301-3335info@schallfirm.com
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