SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 03, 2011 17:06 ET

The Law Firm of Levi & Korsinsky Notifies Investors With Large Losses on Their Investment in WebMD Health Corp. of Class Action Lawsuit and Lead Plaintiff Deadline (NASDAQ: WBMD)

NEW YORK, NY--(Marketwire - Aug 3, 2011) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of WebMD Health Corp. ("WebMD" or the "Company") (NASDAQ: WBMD) common stock from February 23, 2011 through July 15, 2011 (the "Class Period").

For more information, click here: http://zlk.9nl.com/web-md.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following: (a) that, due to legal and regulatory reviews, WebMD was experiencing sponsorship cancellations; (b) that WebMD's customers were delaying advertising on the Company's website as a result of smaller advertising budgets; and (c) as a result of the aforementioned, defendants lacked a reasonable basis for their positive statements about the Company and its prospects.

If you are a member of the class and suffered a loss in WebMD stock, you have until October 3, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://www.zlk.com/webmd-health-wbmd.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com