U.S. Markets open in 7 hrs 30 mins

LightInTheBox sees purported class action suit as without merit

LightInTheBox announced that it has become aware of the filing of a purported securities class action lawsuit against the company and certain of its senior officers on behalf of a putative class of shareholders of the company in the United States District Court for the Southern District of New York. LightInTheBox said, "The company has reviewed the claims asserted in the complaint and believes that they are without merit. While the company has not yet been served with a copy of the complaint, it intends to work with Simpson Thacher & Bartlett LLP, its legal counsel, to vigorously defend itself in this matter."