Wolf Haldenstein Adler Freeman & Herz LLP is Investigating Potential Class Action Claims on Behalf of Purchasers of Liquidity

  Wolf Haldenstein Adler Freeman & Herz LLP is Investigating Potential Class
  Action Claims on Behalf of Purchasers of Liquidity Services, Inc.

Business Wire

NEW YORK -- May 9, 2014

Wolf Haldenstein Adler Freeman & Herz LLP is investigating a potential
securities class action lawsuit on behalf of investors in Liquidity Services,
Inc. (“Liquidity Services” or the “Company”) (NASDAQ: LQDT), who purchased the
Company’s stock from January 21, 2013 through May 7, 2014. Investors are urged
to contact Gregory Stone at gstone@whafh.com or 212-545-4774.

The Company operates an online auction marketplace for wholesale, surplus and
salvage assets for both the Federal government and private industry.

On the morning of May 8, 2014, the Company reported its financial results for
the second quarter of fiscal year of 2014, which were below previously
provided estimates, and drastically reduced its guidance for the third quarter
and the remainder of the fiscal year 2014. As a result, the stock closed at
$12.17, down $5.14 for the day, a decline of 30% from its previous close.

During the past year, there have been similar patterns of earnings misses,
preceded by very opportune sales of stock by insiders. For example, on
November 21, 2013, the Company released earnings for the fourth quarter of
2013 of $0.32 per share that were below consensus estimates of $0.45 per
share, resulting in the stock closing at $21.83, down $4.87 for the session.
In the quarter prior to this release, insiders sold close to 700,000 shares.

Wolf Haldenstein has represented individual and institutional investors for
many years, serving as lead counsel in numerous cases in United States federal
and state courts. Please visit the Wolf Haldenstein website
(http://www.whafh.com) for more information about the firm.

Gregory Stone or Gregory M. Nespole, Esq.
Wolf Haldenstein Adler Freeman & Herz LLP
270 Madison Avenue
New York, New York 10016

Phone Numbers:
(800) 575-0735
(212) 545-4774

Email: Classmember@whafh.com, gstone@whafh.com or Nespole@whafh.com and please
reference “Liquidity Services Investigation.”

Attorney Advertising. Prior results do not guarantee or predict a similar
outcome.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone
or
Gregory M. Nespole, Esq.
800-575-0735
212-545-4774
 
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