SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Wayfair Inc. - W

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Wayfair Inc. - W

PR Newswire

NEW YORK, March 13, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Wayfair Inc. ("Wayfair" or the "Company") (NYSE: W).  Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Wayfair and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On February 23, 2023, Wayfair issued a press release reporting its financial results for the fourth quarter and full year ended December 31, 2022.  Among other items, Wayfair reported a 4.6% year-over-year decline in revenue for the quarter, for a net loss of $351 million.  The Company reported that it ended 2022 with 22.1 million active customers, representing a loss of approximately 5 million customers during the year. 

On this news, Wayfair's stock price fell $11.48 per share, or 23.05%, to close at $38.33 per share on February 23, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, 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, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz 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.pomlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

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SOURCE Pomerantz LLP

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