Gainey McKenna & Egleston Announces a Securities Fraud Class Action Lawsuit
Has Been Filed Against Tremor Video, Inc. -- TRMR
NEW YORK, Nov. 26, 2013 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston
announces that a class action lawsuit has been filed in United States District
Court for the District of New York, on behalf of all persons who purchased
Tremor Video, Inc. ("Tremor Video" or the "Company") (NYSE:TRMR) stock
pursuant and/or traceable to the Registration Statement and Prospectus issued
in connection with Tremor Video's June 27, 2013 initial public stock offering
(the "IPO"). The action charges Tremor Video, certain of its officers and
directors and the underwriters of the IPO with violations of the Securities
Act of 1933.
The Complaint alleges that that the Company's Registration Statement was
negligently prepared and, as a result, contained untrue statements of material
facts or omitted to state other facts necessary to make the statements made
not misleading and was not prepared in accordance with the rules and
regulations governing its preparation.Specifically, the Complaint alleges
that Defendants failed to disclose the following material facts which existed
at the time of the IPO: (a) that the online advertising market had materially
shifted towards mobile browsing, as opposed to desktop browsing, where the
Company was at a significant disadvantage to its competitors; and (b) that the
Company was losing sales to competitors as a result of its inferior mobile
If you wish to serve as lead plaintiff, you must move the Court no later than
January 21, 2014.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
email@example.com or firstname.lastname@example.org.
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.
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