Expedia Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers
Taylor, LLP Investigate Possible Breaches of Fiduciary Duty
DALLAS -- September 4, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation
firm of Powers Taylor, LLP announce that a federal class action lawsuit has
been filed against Expedia, Inc. (“Expedia” or “Company”) (NasdaqGS: EXPE).
The firms are investigating additional legal claims against the officers and
directors of Expedia during the period of July 27, 2012 and July 25, 2013 (the
If you are an affected investor and you want to learn more about the lawsuit
or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC,
(214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
email@example.com. There is no cost or fee to you.
In a recently filed federal class action complaint, Expedia and certain of its
officers and directors were charged with violating provisions of the
Securities Exchange Act of 1934. Specifically, the complaint alleges that,
among other things, defendants’ misrepresented and/or failed to disclose that:
(a) following a spin-off, TripAdvisor had been directing a significant amount
of lucrative web traffic to Expedia pursuant to an informal strategic
partnership between the two companies that inured to the benefit of Expedia
and to the detriment of TripAdvisor; (b) the lucrative web traffic directed to
Expedia from TripAdvisor following the spin-off had been a material source of
Expedia’s outsized revenues following the spin-off; (c) TripAdvisor would stop
directing web traffic to Expedia in early 2013; (d) performance was failing at
Expedia’s Hotwire unit; and (e) due to the above, defendants did not have a
reasonable basis for their positive statements about the Company’s business
prospects during the Class Period. According to the complaint, when the truth
was made public, Expedia’s common stock fell abruptly.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial
transaction, and public advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zachary Groover, 877-728-9607
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