Newman Ferrara LLP Announces Investigation of Bazaarvoice, Inc.

  Newman Ferrara LLP Announces Investigation of Bazaarvoice, Inc.

Business Wire

NEW YORK -- January 28, 2013

Newman Ferrara LLP is conducting an investigation on behalf of shareholders of
Bazaarvoice, Inc. (“Bazaarvoice”) (Nasdaq: BV) into potential violations of
federal securities laws and breaches of fiduciary duty by Bazaarvoice and
certain of its officers and directors.

Bazaarvoice provides various social commerce solutions assisting businesses to
make use of social media to better connect with their respective markets. On
January 10, 2013, the Department of Justice announced that it had filed a
civil antitrust lawsuit against Bazaarvoice for alleged violations of the
Hart-Scott-Rodino Antitrust law, in connection with its June 2012 acquisition
of PowerReviews, Inc. in a transaction valued at approximately $168.2 million.
Specifically, according to Bill Baer, Assistant Attorney General in charge of
the Department of Justice’s Antitrust Division, “Bazaarvoice bought
PowerReviews knowing that it was acquiring its most significant rival and
hoping to benefit from diminished price competition. Without competitive
pressure from PowerReviews, Bazaarvoice will be able to increase prices to
retailers and manufacturers for its product ratings and reviews platform.”

On this news, shares of Bazaarvoice stock dropped 17% from $9.00 per share to
a January 10, 2013 closing price of $7.49 per share. On the following day,
shares of Bazaarvoice stock dropped another 11% to a January 11, 2013 closing
price of $6.65 per share.

Shareholders of Bazaarvoice stock can contactNewman Ferrara attorneys Jeffrey
Norton (jnorton@nfllp.com) or Roy Shimon (rshimon@nfllp.com) to discuss this
investigation and their rights as Bazaarvoice shareholders.

Whistleblowers: Persons with knowledge that may aid in the investigation of
this matter are encouraged to contact the firm. Under the Dodd-Frank Wall
Street Reform Bill, whistleblowers are protected from employer retaliation and
may be entitled to as much as 30 percent of the recovery if the information
provided leads to a successful action.

Newman Ferrara maintains a multifaceted practice based in New York City with
attorneys specializing in complex commercial and multi-party litigation,
securities fraud and shareholder litigation, consumer protection, civil
rights, and real estate. For more information, please visit the firm website
at www.nfllp.com.

Contact:

Newman Ferrara LLP
Jeffrey Norton, 212-619-5400
Roy Shimon
Fax: 212-619-3090
 
Press spacebar to pause and continue. Press esc to stop.