NEW YORK, Aug. 15, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. is investigating potential claims against QuinStreet (QNST) on behalf of QuinStreet investors. Our investigation concerns whether QuinStreet has violated the federal securities laws and/or engaged in other unlawful business practices.
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On April 11, 2019, research firm Kerrisdale Capital published a report accusing QuinStreet of (1) artificially boosting the company's "leads" revenue by secretly paying web surfers to click on its advertiser-sponsored links, and (2) failing to adequately disclose the company's revenue concentration in- and growth from- a single large client, Progressive Insurance.
Then, on August 8, 2019, the Company announced disappointing quarterly earnings, causing the price of QuinStreet shares to drop 27%, to close at $11.81.
If you purchased or otherwise acquired QuinStreet shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into QuinStreet please go to https://bespc.com/QNST. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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