Wayfair (W) Alert: Johnson Fistel Investigates Wayfair Inc.; Investors Suffering Losses Encouraged to Contact Firm

Wayfair (W) Alert: Johnson Fistel Investigates Wayfair Inc.; Investors Suffering Losses Encouraged to Contact Firm

PR Newswire

SAN DIEGO, Nov. 6, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Wayfair Inc. ("Wayfair") (NYSE: W). Wayfair engages in the e-commerce business in the United States, Europe, and internationally.

On November 1, 2018, Wayfair issued a press release announcing its third quarter 2018 financial results.  The Company reported a $151.7 million net loss for the quarter under Generally Accepted Accounting Principles ("GAAP"), or $1.69 a share, compared with a GAAP loss of $76.4 million, or 88 cents a share, for the third quarter 2017.

Following this news, the price of Wayfair common stock declined more than $14 per share, almost 13%, to close down at $96.16 on November 1, 2018.

Specifically, Johnson Fistel's investigation seeks to determine if a securities violation was committed by the Company and certain of its officers when it made specific representations about the company's business, operations, and financial prospects.

If you have information that could assist in this investigation, including past employees and others, or if you are a Wayfair shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) by email or phone at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Johnson Fistel, LLP
Jim Baker, 619-814-4471

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SOURCE Johnson Fistel, LLP

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