LIGHTINTHEBOX HOLDING CO., LTD. DEADLINE: LEVI & KORSINSKY, LLP Announces
Class Action Against LightInTheBox Holding Co., Ltd. and Its Board and
Deadline of October 28, 2013 to Seek Lead Plaintiff Position
NEW YORK, Oct. 25, 2013
NEW YORK, Oct. 25, 2013 /PRNewswire/ -- 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.
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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 class period.
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 LightInTheBox 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
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
SOURCE Levi & Korsinsky, LLP
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