INVESTOR ALERT: Kirby McInerney LLP Reminds Investors of an Investigation of Shareholder Claims Against QuinStreet, Inc.
06 September 2019 - 10:00AM
Business Wire
The law firm of Kirby McInerney LLP is investigating potential
claims against QuinStreet, Inc. (“QuinStreet” or the “Company”)
(NYSE: QNST). This investigation concerns whether QuinStreet has
violated federal securities laws and/or engaged in other unlawful
business practices.
On April 11, 2019, Kerrisdale Capital published a report
accusing QuinStreet of (a) artificially boosting the company’s
“leads” revenue by secretly paying web surfers to click on its
advertiser-sponsored links; and (b) failing to adequately disclose
the company’s revenue concentration in, and growth from, a single
large client, Progressive Insurance.
On August 8, 2019, the Company announced disappointing earnings
for the second quarter of 2019, causing shares fall $4.56 per
share, or 28%, to close at $11.81.
If you acquired QuinStreet securities, have information, or
would like to learn more about these claims, please contact Thomas
W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20190905006036/en/
Kirby McInerney LLP Thomas W. Elrod, Esq., (212) 371-6600
investigations@kmllp.com www.kmllp.com
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