U.S. Markets close in 4 hrs 28 mins

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against FTD Companies, Inc. - FTD

NEW YORK--(BUSINESS WIRE)--

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of FTD Companies, Inc. (FTD) resulting from allegations that FTD may have issued materially misleading business information to the investing public.

On March 14, 2017, FTD announced during aftermarket hours that “the Company identified immaterial errors that were the result of an incorrect assessment of certain cross-border indirect taxes and required an immaterial restatement of the Company's previously issued consolidated financial statements for the years ended December 31, 2015 and 2014 and for the quarters within the years ended December 31, 2016 and 2015.” On this news, shares of FTD fell $5.54 per share or over 23% to close at $17.85 per share on March 15, 2017.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by FTD investors. If you purchased shares of FTD please visit the firm’s website at http://www.rosenlegal.com/cases-1086.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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

View source version on businesswire.com: http://www.businesswire.com/news/home/20170315006467/en/