Bazaarvoice Inc (BV) Investor Lawsuit Against Directors Announced by
SAN DIEGO, March 18, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation,
Inc. announces that an investor in shares of Bazaarvoice Inc (BV) filed a
lawsuit against certain directors and officers of Bazaarvoice Inc over alleged
breaches of fiduciary duties in connection with their decision to acquire its
main rival PowerReviews Inc.
Investors who are current long-term stockholders of Bazaarvoice Inc (BV)
shares, have certain options and should contact the Shareholders Foundation,
Inc. by e-mail at email@example.com or call +1 (858) 779-1554.
The plaintiff alleges that in breach of their fiduciary duties as directors of
Bazaarvoice Inc they agreed to acquire Bazaarvoice's main rival PowerReviews
Inc. in June 2012 and sold more than $90 million in stock
On Jan. 10, 2013, U.S. Justice Department said it filed a civil antitrust
lawsuit challenging the June 2012 acquisition by Bazaarvoice Inc of its main
rival PowerReviews Inc. According to the U.S. Justice Department, the
transaction allegedly substantially lessened competition in the market for
product ratings and reviews platforms in the United States, resulting in
higher prices and diminished innovation.
Shares of Bazaarvoice Inc (BV) dropped from $8.97 per share on Jan. 10, 2013
to $6.54 per share on Jan. 11, 2013.
Those who are current long term stockholders of Bazaarvoice Inc (BV) shares,
have certain options and should contact the Shareholders Foundation, Inc. by
e-mail at firstname.lastname@example.org or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and settlement claim filing service, which does research related to
shareholder issues and informs investors of securities class actions,
settlements, judgments, and other legal related news to the stock/financial
market. The Shareholders Foundation, Inc. is not a law firm. The information
is provided as a public service. It is not intended as legal advice and should
not be relied upon.
The Shareholders Foundation, Inc. logo is available at
CONTACT: Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
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