WAYFAIR 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Acti

Mar 08, 2019 10:50 pm
NEW ORLEANS -- 

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until March 11, 2019 to file lead plaintiff applications in a securities class action lawsuit against Wayfair Inc. (NYSE: W). Investor losses must relate to purchases of the Company’s Class A shares between August 2, 2018 and October 31, 2018. This action is pending in the United States District Court for the District of Massachusetts.

What You May Do

If you purchased shares of Wayfair and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-w/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by March 11, 2019.

About the Lawsuit

On November 1, 2018, the Company disclosed shocking financial results for Q3 2018 including a staggering GAAP net loss of $151.7 million (compared to loss of $76.4 million in Q3 2017), and a 43% increase in advertising expenses of more than $202.5 million.

On this news, the price of Wayfair’s shares plummeted more than $14 per share.

The case is Goodstein v. Wayfair Inc., et al., No. 19-cv-10062.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850