Investor Alert: Holzer Holzer & Fistel, LLC Filed a Class Action Against Expedia, Inc.; Investors With Significant Losses Encouraged to Inquire About Lead Plaintiff Position
ATLANTA, GA--(Marketwired - Sep 3, 2013) - Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit on behalf of investors who purchased Expedia, Inc. ("Expedia" or the "Company") (NASDAQ: EXPE) common stock between July 27, 2012 and July 25, 2013. The complaint alleges that a series of statements made during that time regarding Expedia's business, operations and prospects were false and misleading. Specifically, the complaint alleges that Expedia misrepresented and failed to adequately disclose: (a) that following the spin-off, TripAdvisor had been directing a significant amount of lucrative web traffic to Expedia pursuant to an informal strategic partnership between the two companies that inured to the benefit of Expedia and to the detriment of TripAdvisor; (b) that the lucrative web traffic directed to Expedia from TripAdvisor following the spin-off had been a material source of Expedia's outsized revenues following the spin-off; (c) that TripAdvisor would stop directing web traffic to Expedia in early 2013; and (d) that performance at the Company's Hotwire unit was failing.
If you purchased Expedia common stock between July 27, 2012 and July 25, 2013 you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than October 28, 2013. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are an Expedia investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.
