EXPEDIA, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action
Against Expedia, Inc. and Its Board of Directors and a Lead Plaintiff Deadline
of October 28, 2013 -- EXPE
NEW YORK, Aug. 30, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a
class action lawsuit has been commenced in the United States District Court
for the Western District of Washington on behalf of investors who purchased
Expedia, Inc. ("Expedia" or the "Company") (Nasdaq:EXPE) common stock between
July 27, 2012 and July 25, 2013.
For more information, click here: http://zlk.9nl.com/expedia-inc-expe/.
The complaint alleges that Defendants made false and/or misleading statements
and/or failed to disclose that: (a) following the spin-off of TripAdvisor into
a separate publicly-traded company, TripAdvisor had been directing a
significant amount of web traffic to Expedia pursuant to an informal strategic
partnership between the two companies and to the detriment of TripAdvisor; (b)
that the traffic directed to Expedia from TripAdvisor had been a material
source of Expedia's outsized revenues following the spin-off; (c) that
TripAdvisor would stop directing web traffic to Expedia in early 2013; and (d)
that performance at the Company's Hotwire unit was failing.
On July 25, 2013, Expedia announced its second quarter 2013 financial results
for the quarter ended June 30, 2013, noting a profit drop from $105.2 million
the previous year to $71.5 million. Upon this news shares of Expedia fell from
a close of $65.00 per share on July 25, 2013, to a close of $47.20 per share
the following day.
If you suffered a loss in Expedia you have until October 28, 2013 to request
that the Court appoint you as lead plaintiff.Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To obtain
additional information about the investigation and your legal rights, please
contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone
at (877) 363-5972, or visit http://zlk.9nl.com/expedia-inc-expe/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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