The Shareholders Foundation announces that an investigation on behalf of investors of RetailMeNot Inc (NASDAQ:SALE) shares was launched over potential securities laws violations by RetailMeNot and certain of its directors and officers.
Investors who purchased shares of RetailMeNot Inc (NASDAQ:SALE) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of RetailMeNot Inc (NASDAQ:SALE) concerning whether a series of statements by RetailMeNot Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
RetailMeNot Inc reported that its annual Total Revenue rose from $16.86 million in 2010 to $209.84 million in 2013 and that its Net Income increased from $2.34 million in 2010 to $31.53 million in 2013.
Shares of RetailMeNot Inc (NASDAQ:SALE) grew from $25.91 per share in late 2013 to as high as $43.60 per share.
Then on November 3, 2014 RetailMeNot Inc announced that Douglas C. Jeffries has decided to step down as Chief Financial Officer of RetailMeNot Inc effective November 30, 2014.
Shares of RetailMeNot Inc (NASDAQ:SALE) declined to as low as $13.65 per share on November 3, 2014.
On November 14, 2014, NASDAQ:SALE shares closed at $15.03 per share.
Those who purchased shares of RetailMeNot Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego