By GlobeNewswire, September 27, 2013, 06:30:00 PM EDT
NEW YORK, Sept. 27, 2013 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of those who purchased securities of ValueClick, Inc. ("ValueClick" or the "Company") (Nasdaq:VCLK), during the period between February 14, 2013 and August 1, 2013, inclusive (the "Class Period"). The Complaint seeks to recover damages against the Company and certain of its officers and directors as a result of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
The Complaint alleges that Defendants issued materially false and misleading statements about the Company's business and prospects. The Complaint further alleges that Defendants failed to disclose and/or misrepresented adverse facts that (i) the Company was not effectively integrating certain of its acquisitions; (ii) the Company had failed to adequately record impairment of a note receivable; and (iii) persistent operational weakness in Company's European operations and sales were weighing down revenue growth.
If you wish to serve as lead plaintiff, you must move the Court no later than November 25, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at firstname.lastname@example.org or email@example.com.
Attorney Advertising -- Prior results do not guarantee a similar outcome with respect to any future matter. Please visit our website at http://www.gme-law.com for more information about the firm.
Source: Gainey McKenna & Egleston