Federman & Sherwood Investigates RetailMeNot, Inc.
For Possible Violations of Federal Securities Laws
Oklahoma City, OK (August 19, 2015) – The law firm of Federman & Sherwood has initiated an investigation into RetailMeNot, Inc. [NASDAQ: SALE] with respect to possible violations of federal securities laws.
RetailMeNot, Inc. operates a digital coupon marketplace and is headquartered in Austin, Texas. Federman & Sherwood’s investigation concerns whether RetailMeNot, Inc. violated Federal Securities Laws. On August 5, 2015, RetailMeNot reported a second-quarter loss of $1.6 million, falling below market expectations. The Company also reduced revenue guidance for the full year 2015. On this news, the Company’s shares declined to close at $8.38 per share. Specifically, Federman & Sherwood’s investigation seeks to determine whether the prior statements regarding the Company’s operations and future performance were materially misleading.
If you currently own common stock in RetailMeNot, Inc., have any information to assist in our investigation, or have questions or concerns regarding this notice or your rights or interests in this matter, please click here to download and complete our Certification of Investment or you may contact William B. Federman with any questions you may have regarding this investigation. Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases across the country.
Posted on Thu, August 20, 2015
by Robin Hester filed under