Pending Case

Wayfair Inc.

NYSE: W

Securities Class Action Has Been Filed Against Wayfair; Block & Leviton LLP Encourages Shareholders to Contact the Firm

Contact us to learn more about this lawsuit.

Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide and based in Boston, informs investors that there has been a class action lawsuit filed against Wayfair Inc. (“Wayfair” or the “Company”) (NYSE: W) and certain of its officers alleging violations of the federal securities laws in federal court in Boston. Class members interested in serving as lead plaintiff are required to move for appointment by March 11, 2019, and are encouraged to contact Block & Leviton LLP to learn more.

The Complaint alleges that throughout the Class Period the Defendants made false and/or misleading statements and/or failed to disclose that: (1) Wayfair had been experiencing significantly diminished demand for its online product offerings and had significantly increased advertising spending to grow sales; (2) Wayfair, which was already more than one-third of the way into the third quarter of 2018 when it announced its second quarter of 2018 results on August 2, 2018, had already dramatically increased advertising spending for the third quarter of 2018; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the truth was revealed to the market, the lawsuit claims that investors suffered damages. The lawsuit also alleges that insiders sold significant amounts of their own stock after making the allegedly false statements.

If you purchased or otherwise acquired Wayfair securities between August 2, 2018, and October 31, 2018, and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact Attorney Dan DeMaria at (617) 398-5660, by email at dan@blockesq.com, or by visiting http://shareholder.law/wayfair.

Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.

Contact us to learn more about this lawsuit.

Block & Leviton LLP
155 Federal Street, Suite 400
Boston, MA 02110
  • Mon 9am - 6pm
  • Tues 9am - 6pm
  • Wed 9am - 6pm
  • Thurs 9am - 6pm
  • Fri 9am - 6pm
  • Sat Closed
  • Sun Closed
Powered by RooSites