RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased QuinStreet, Inc. (NASDAQ: QNST) (“QuinStreet” or the “Company”) publicly traded securities between February 10, 2016 and April 10, 2018, inclusive (the “Class Period”).
QuinStreet shareholders may, no later than June 26, 2018, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of QuinStreet and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
QuinStreet, an Internet performance marketing and media company, provides customer acquisition services for its clients in the United States and internationally. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that (i) QuinStreet recklessly disregarded the occurrence of click-through fraud; (ii) QuinStreet-owned websites experienced phony, low-quality traffic for its clients; (iii) the Company’s practices were not geared toward providing its clients with valuable customers or high-quality leads or clicks; (iv) the Company’s fiscal 2018 financial guidance was overstated; and (v) as a result of the foregoing, QuinStreet’s public statements were materially false and misleading at all relevant times.
If you are a member of the class, you may, no later than June 26, 2018, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as “lead plaintiff.” Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action.