Harwood Feffer LLP Announces Investigation of Travelzoo, Inc.

Dépèche transmise le 11 août 2011 par Business Wire

NEW YORK--(BUSINESS WIRE)--Harwood Feffer LLP 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 the common stock of Travelzoo, Inc. ("Travelzoo" or the "Company") (NASDAQ: TZOO - News) common stock from April 21, 2011 through July 21, 2011 (the "Class Period").

No class has yet been certified in the above action. Class members will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than October 11, 2011 and be selected by the court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages to serve as a Lead Plaintiff. You may contact the Harwood Feffer LLP website (http://www.hfesq.com) or Matthew M. Houston, at [email protected] to ask any questions you may have in that regard.

The Complaint alleges violations of the federal securities laws against Travelzoo and its officers and directors for issuing materially false and misleading financial statements to investors concerning the Company's business and prospects. On July 21, 2011, defendants revealed that the Company was performing well below expectations, with revenues well below estimates, and expenses exceeding estimates. Upon this news, shares of Travelzoo stock declined more than 30 percent, from a closing price of $85.71 per share on July 20, 2011, to $56.00 per share the following day.

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

If you purchased Travelzoo common stock during the Class Period, suffered a loss on those shares in excess of $100,000 and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Business Wire

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