Organization Investigated by the Portnoy Regulation Business
2 min readPress release information from Globe Newswire. The AP news staff was not concerned in its creation.
LOS ANGELES, Feb. 02, 2021 (Globe NEWSWIRE) — The Portnoy Law Organization advises Quotient Technology, Inc. (“Quotient” or the “Company”) (NYSE: QUOT) buyers that the organization has initiated an investigation into possible securities fraud, and could file a class motion on behalf of investors.
Investors are encouraged to call lawyer Lesley F. Portnoy, by mobile phone 310-692-8883 or email: [email protected], to discuss their legal legal rights, or click on below to join the case through www.portnoylaw.com. The Portnoy Regulation Company can provide a complimentary scenario analysis and explore investors’ choices for pursuing promises to get better their losses.
The investigation focuses on no matter if Quotient issued misleading and/or phony statements and/or failed to disclose information and facts pertinent to traders. On November 5, 2020, Quotient claimed its monetary outcomes for the third quarter of 2020. Quotient’s revenue fell limited of consensus anticipations, and it also documented, for the 3 and 9 months ending September 30, 2020, “restructuring expenses of zero and $1.5 million, respectively, sure acquisition linked expenditures of $.4 million and $1. million, respectively, and loss contingency of $2. million related to a contract dispute resulting from a retailer’s failure to conduct specified obligations related to a guaranteed distribution charge arrangement for both of those respective intervals.” Shares of Quotient fell by nearly 22% on the future working day, based on this information.
Make sure you stop by our site to assessment much more information and facts and submit your transaction facts.
The Portnoy Regulation Business signifies investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding spouse has recovered over $5.5 billion for aggrieved traders. Lawyer promotion. Prior benefits do not assurance equivalent outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com
Attorney Promoting
