EXPEDIA SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick &
Foti, LLC Reminds Investors With Losses in Excess of $100,000
of Lead Plaintiff Deadline in Class Action Lawsuit Against Expedia
Inc. - EXPE
NEW ORLEANS, LA -- (Marketwired) -- 08/28/13 -- Kahn Swick & Foti,
LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they have
until October 28, 2013 to file lead plaintiff applications in a
securities class action lawsuit against Expedia Inc. (NASDAQ: EXPE),
if they purchased the Company's securities during the period between
July 27, 2012 and July 25, 2013, inclusive (the "Class Period"). This
action is pending in the United States District Court for the Western
District of Washington.
What You May Do
If you purchased shares of Expedia and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, call toll-free at 1-877-515-1850, or email KSF Managing
Partner Lewis Kahn (email@example.com) or KSF Partner Melinda
Nicholson (firstname.lastname@example.org). If you wish to serve as
a lead plaintiff in this class action, you must petition the Court by
October 28, 2013.
About the Lawsuit
Expedia and certain of its executives are charged with issuing a
series of materially false and misleading statements regarding the
Company's business and prospects, including the impact that its 2011
split into two publicly-traded companies and resultant spin-off of
TripAdvisor would have on Expedia's revenues and profits, during the
Class Period, violating federal securities laws.
On July 25, 2013, Expedia announced its second quarter 2013 financial
results. Expedia's second-quarter 2013 profit fell to $71.5 million
from $105.2 million a year earlier, bookings rose only 13%, well
below the 19% surge the Company posted during 2012, and Expedia
drastically lowered its guidance for 2013 adjusted earnings.
On this news, Expedia shares fell by over 27%.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana
Attorney General, Charles C. Foti, Jr., and other lawyers with
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual
shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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