SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess
of $200,000 From Investment in Expedia, Inc. to Contact Brower Piven Before
the October 28, 2013 Lead Plaintiff Deadline -- EXPE
STEVENSON, Md., Aug. 29, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional
Corporation announces that a class action lawsuit has been commenced in the
United States District Court for the Western District of Washington on behalf
of purchasers of Expedia, Inc. ("Expedia" or the "Company") (Nasdaq:EXPE)
common stock during the period between July 27, 2012 and July 25, 2013,
inclusive (the "Class Period").
If you have suffered a net loss from investment in Expedia, Inc. common stock
purchased on or after July 27, 2012, and held through the revelation of
negative information on July 25, 2013, as described below, at no cost to you,
you may obtain additional information about this lawsuit and your ability to
become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by
email at firstname.lastname@example.org, by calling 410/415-6616, or at Brower Piven,
A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
class action cases of over 60 years.
No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class, you
must apply to be appointed lead plaintiff no later than October 28, 2013 and
be selected by the Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a settlement
and how much of a settlement to accept for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the largest loss
from investment in Company units during the Class Period.
The complaint accuses the defendants of violations of the Securities Exchange
Act of 1934 by virtue of the defendants' failure to disclose during the Class
Period that TripAdvisor's directing web traffic to Expedia following Expedia's
spin-off of TripAdvisor pursuant to an informal strategic partnership between
the two companies that was a material source of Expedia's outsized revenues
would stop in early 2013 and that performance at the Company's Hotwire unit
was failing.According to the complaint, following the Company's July 25, 2013
disclosure that its profits for the second quarter of 2013 were significantly
less than profits for the second quarter of 2012 and that the Company was
lowering its guidance for 2013 adjusted earnings, the value of Expedia shares
If you choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your choice.
You need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
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