An investigation for investors in Lendingtree Inc (NASDAQ:TREE) was announced over potential securities laws violations by Lendingtree.
Shares of Lendingtree Inc (NASDAQ:TREE) lost substantial value and declined to as low as $58.82 per share on January 13, 2016.
Investors who purchased shares of Lendingtree Inc (NASDAQ:TREE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Lendingtree Inc (NASDAQ:TREE) concerning whether certain statements by Lendingtree Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Lendingtree Inc reported that its annual Total Revenue rose from $139.24 million in 2013 to $167.35 million in 2014 and that its Net Income rose from $3.95 million in 2013 to $9.36 million in 2014. Shares of Lendingtree Inc (NASDAQ:TREE) grew from $40.40 per share in early 2015 to as high as $133.71 per share in August 2015.
On January 29, 2016, NASDAQ:TREE shares closed at $73.69 per share.
Those who purchased shares of Lendingtree Inc (NASDAQ:TREE) 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
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