Branham Law, LLP Launches Investigation Of Bazaarvoice, Inc. Following DOJ
DALLAS -- January 29, 2013
Branham Law, LLP announces that it has launched an investigation for possible
violations of federal law stemming from a Department of Justice suit against
Austin, Texas based Bazaarvoice, Inc. (NASDAQ:BV).
The Department of Justice filed an antitrust lawsuit against Bazaarvoice
earlier this month relating to the Company's acquisition of PowerReviews,
Inc., a California based company. Bazaarvoice's stock has since declined
almost forty percent and the CEO resigned unexpectedly.
November 2012 saw Bazaarvoice report second-quarter losses of $11.2 million
and revenue of $38.6 million. This was a drastic reversal from losses of $5.8
million and revenue of $25 million in the same quarter for 2011. After the DOJ
suit was filed, Bazaarvoice shares dropped by 17% from $9.00 per share to
$6.65 per share on January 11, 2013.
Investors purchasing Bazaarvoice prior to the PowerReviews, Inc. acquisition,
or anyone with information relating to the allegations at hand are encouraged
to contact Trey Branham, Managing Partner of Branham Law, LLP at
1-877-722-5910 or firstname.lastname@example.org.
Additionally, anyone with knowledge that may aid in the investigation may,
under the Dodd-Frank Act, be entitled to as much as thirty percent of any
recovery where their information leads to an actual recovery.
Branham Law, LLP
Trey Branham, 877-722-5910
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