SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

September 08, 2015 12:38 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Wayfair Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of November 2, 2015 -- W

NEW YORK, NY--(Marketwired - Sep 8, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Wayfair Inc. (NYSE: W) between October 2, 2014 and August 31, 2015

You are hereby notified that a class action has commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired Wayfair securities between October 2, 2014 and August 31, 2015, your rights may be affected by this action. To learn more go to:

http://zlk.9nl.com/wayfair-w

or contact Joseph E. Levi, Esq. via email at jlevi@zlk.com or by telephone at (877) 363-5972. There is no cost or obligation to you.

According to the lawsuit, throughout the Class Period defendants issued materially false and misleading statements to investors and/or failed to disclose that Overstock is a competitor; as a result, Wayfair's public statements were materially false and misleading at all relevant times, causing Wayfair's stock to trade at artificially inflated prices.

On September 1, 2015, a report published by Citron Research alleged that Wayfair had deliberately refused to acknowledge Overstock as a competitor in its SEC filings, despite the similarities between the two companies, as doing so would make it apparent that "Wayfair's stock is not worth more than $10 a share."

If you suffered a loss in Wayfair you have until November 2, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require that you be a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise and experience in representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com