NEW YORK, April 03, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Sito Mobile Ltd. (SITO).
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On February 17, 2017 a complaint was filed alleging that between August 15, 2016 and January 2, 2017, defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Sito’s growth of bookings would not propel the company’s fourth quarter of 2016 media placement revenues and revenue growth to the level represented during the class period; (2) Sito was aware that the election would impact the company’s fourth quarter of 2016 revenue, (3) clients’ campaign spending and media placement revenues in the fourth quarter of 2016 was highly dependent on the elections; (4) the company’s growth in media placement revenues would not occur in the fourth quarter of 2016; (5) as a result of the foregoing, the company’s statements, as well as defendants’ statements about Sito’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you are a long term stockholder of Sito, 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 email@example.com, 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 Sito please go to https://bespc.com/sito/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.