SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Against
LightInTheBox Holding Co., Ltd. and Its Board of Directors
and Deadline of October 28, 2013 to Seek Lead Plaintiff Position
NEW YORK, NY -- (Marketwired) -- 10/14/13 -- Levi & Korsinsky
announces that a class action lawsuit has been commenced in the USDC
for the Southern District of New York on behalf of investors who
purchased LightInTheBox Holding Co., Ltd. ("LightInTheBox" or the
"Company") (NYSE: LITB) between June 6, 2013 and August 19, 2013.
For more information, click here:
The complaint alleges that throughout the Class Period, defendants
made false and/or misleading statements and/or failed to disclose
that: (a) the Company's sales growth had dramatically decreased
during the second quarter of 2013; (b) the Company's costs had grown
more than its sales during the second quarter of 2013; and (c) 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
On August 19, 2013, LightInTheBox reported financial results for the
second quarter 2013 that fell well below expectations; the Company
further reported that demand for its product was much weaker than
previously stated. The following day shares of LightInABox fell from
a close of $19.27 per share to a close of $11.58 per share.
If you suffered a loss in LightInTheBox 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, contact Joseph E.
Levi, Esq. either via email at email@example.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut, 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.
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: (212) 363-7171
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