The Shareholders Foundation announces that an investigation on behalf of investors of EVINE Live Inc (NASDAQ:EVLV) shares was launched over potential securities laws violations by EVINE Live and certain of its directors and officers.
Investors who purchased shares of EVINE Live Inc (NASDAQ:EVLV) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of EVINE Live Inc (NASDAQ:EVLV) concerning whether a series of statements by EVINE Live Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 20, 2015, EVINE Live Inc reported its first quarter results ended on May 2, 2015. EVINE Live Inc reported for its first quarter 2015 Net sales of $158 million, a 1% decrease year over year and that its first quarter Net Income of $0.5 million for the first quarter 2014 ended on May 3, 2014 declined to a first quarter Net Loss of $4.7 million for its first quarter 2015 ended on May 2, 2015. EVINE Live Inc also issued its 2015 outlook. Shares of EVINE Live Inc (NASDAQ:EVLV) declined to as low as $2.44 per share on June 11, 2015.
On June 15, 2015, NASDAQ:EVLV shares closed at $3.01per share.
Those who purchased shares of EVINE Live Inc (NASDAQ:EVLV) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com