Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of
$100,000 Investing In CafePress, Inc. To Contact The Firm
NEW YORK, Aug. 16, 2013
NEW YORK, Aug. 16, 2013 /PRNewswire/ --Faruqi & Faruqi, LLP, a leading
national securities law firm, is investigating potential securities fraud at
CafePress, Inc. ("CafePress" or the "Company") (NASDAQ: PRSS).
The investigation focuses on whether the Company and its executives violated
federal securities laws with respect to its disclosures concerning business,
operational, and compliance policies. Specifically, the investigation focuses
on whether CafePress failed to disclose in its March 28, 2012 Registration
Statement that: (i) prior revenues were not indicative of future revenues,
since its core business exhibited weakened revenues and growth in its shop
segment; (ii) gross margins were under pressure because of increased sales and
marketing spending due to competition; and (iii) positive revenues and growth
of the Company's shop segment were unsustainable.
On July 31, 2012, the Company issued disappointing second quarter 2012
financial results, announcing net revenues lower than the market's
expectations and reducing its previously reported guidance for 2012.
Following this news, the stock declined by $5.61 or over 40%.
Request more information now by clicking here: www.faruqilaw.com/PRSS. There
is no cost or obligation to you.
If you invested in CafePress stock or options pursuant or traceable to the
Company's Registration Statement and Prospectus issued in connection with its
March 28, 2012 initial public offering and would like to discuss your legal
rights, visit www.faruqilaw.com/PRSS. You can also contact us by calling
Richard Gonnello or Francis McConville toll free at 877-247-4292 or at
212-983-9330 or by sending an e-mail to firstname.lastname@example.org
email@example.com. Faruqi & Faruqi, LLP also encourages anyone with
information regarding CafePress' conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We welcome the
opportunity to discuss your particular case. All communications will be
treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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