ANGI SHAREHOLDER ALERT: The Law Firm of Wohl & Fruchter LLP Is Investigating
Angie's List, Inc.
NEW YORK -- October 4, 2013
The law firm of Wohl & Fruchter LLP is investigating possible violations of
federal securities laws by officers and directors of Angie's List, Inc.
On September 30, 2013, Angie’s announced the departure of its Chief Technology
Officer, Manu Thapar, in an SEC filing without explanation.
On October 2, 2013, the Wall Street Journal reported that Angie’s had slashed
membership prices by roughly 75% in several key markets in a bid to attract
Then, on October 3, 2013, the Wall Street Journal reported that the widespread
price cuts on Angie’s website had abruptly ended.
Since the above announcements, ANGI shares have declined over 23%,
representing shareholder losses of over $300 million.
Wohl & Fruchter’s investigation concerns whether Angie’s management has misled
investors concerning, among other things, the viability of the Company’s
business model of charging membership fees.
Persons with relevant information, and ANGI shareholders with questions about
this investigation, are invited to contact the attorney below, or our Firm by
Additional information is available on our website at:
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and
other fiduciary breaches by corporate managers, as well as other complex
litigation matters. Please visit our website, www.wohlfruchter.com, to learn
more about our Firm, or contact one of our partners.
This release may be deemed to constitute attorney advertising.
Wohl & Fruchter LLP
J. Elazar Fruchter
845-425-4658 or Toll Free 866-833-6245
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