Gainey McKenna & Egleston Announces a Securities Fraud Class Action Lawsuit
Has Been Filed Against LightInTheBox Holding Co., Ltd. -- LITB
NEW YORK, Sept. 4, 2013 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston
announces that a class action lawsuit has been filed in the United States
District Court for the Southern District of New York on behalf of those who
purchased LightInTheBox Holding Co., Ltd. (the "Company") (NYSE:LITB) American
Depository Shares ("ADSs") during the period between the initial public
offering ("IPO") on June 6, 2013 and August 19, 2013, inclusive (the "Class
The Complaint alleges that Defendants misrepresented or failed to disclose the
following adverse facts: (i) the Company's sales growth had dramatically
decreased during the second quarter of 2013, the period ended June 30, 2013;
(ii) the Company's costs had grown more than its sales during the second
quarter of 2013; and (iii) as a result of the foregoing, the Company was not
on track to achieve the financial results Defendants had led the market to
expect during the Class Period.
If you wish to serve as lead plaintiff, you must move the Court no later than
October 28, 2013. A lead plaintiff is a representative party acting on behalf
of other class members in directing the litigation.If you wish to join the
litigation, or to discuss your rights or interests regarding this class
action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of
Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at
firstname.lastname@example.org or email@example.com.
Attorney Advertising -- Prior results do not guarantee a similar outcome with
respect to any future matter. Please visit our website at
http://www.gme-law.com for more information about the firm.
CONTACT: Gainey McKenna & Egleston
Thomas J. McKenna, Esq.
Gregory M. Egleston, Esq.
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