SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Zulily, Inc. - ZU
NEW YORK, Feb. 13, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Zulily, Inc. ("Zulily" or the "Company") (NASDAQ: ZU). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether Zulily and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 11, 2015, Zulily reported disappointing fourth-quarter earnings of $10.9 million and announced that Marc Stolzman will no longer serve as Chief Financial Officer of the Company effective February 13, 2015. Mr. Stolzman will continue to provide transition services to the Company until March 7, 2015. The Company also announced the appointment of Tad K. Larsen, the Company's Vice President of Accounting, to serve as the Company's interim principal accounting officer and interim principal financial officer, effective February 13, 2015. Mr. Larsen will assume financial management functions until a new Chief Financial Officer is appointed.
On this news, shares of Zulily fell $5.37 per share to $14.52, or more than 27.00%, on February 12, 2015.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
SOURCE Pomerantz LLP
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