The Shuman Law Firm Investigates Bazaarvoice, Inc.
BOULDER, Colo. -- August 6, 2013
The Shuman Law Firm announces that it is investigating potential claims
against certain officers and directors of Bazaarvoice, Inc. (“Bazaarvoice” or
the “Company”) (Nasdaq: BV). Bazaarvoice is a Texas-based provider of social
commerce solutions in the United States and internationally.
The firm’s investigation relates to a civil antitrust lawsuit filed by the
U.S. Department of Justice (“DOJ”) against Bazaarvoice challenging the
Company's June 2012 acquisition of PowerReviews Inc. According to the DOJ, the
$168.2 million transaction substantially lessened competition in the market
for product ratings and reviews platforms in the United States, resulting in
higher prices and diminished innovation. The DOJ’s announcement stated that
“[t]his lawsuit seeks to prevent one firm from dominating the product rating
and review platforms market, and demonstrates that transactions that are not
reported to us are not immune from scrutiny.”
Following the filing of the DOJ lawsuit, 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.
If you currently own Bazaarvoice common stock and are interested in discussing
your rights as a shareholder, or have information relating to this
investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at
(866) 974-8626 or email Mr. Shuman at firstname.lastname@example.org or email Mr. Glenn
The Shuman Law Firm represents investors throughout the nation, concentrating
its practice in stockholder litigation.
The Shuman Law Firm
Kip B. Shuman, Esq., 866-974-8626
Rusty E. Glenn, Esq., 866-974-8626
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