Travelzoo Says Sales Growth Should Kill Shareholder Suit

Law360, New York (June 20, 2012, 7:38 PM EDT) -- Travel deals provider Travelzoo Inc. on Wednesday asked a New York federal judge to throw out a shareholder lawsuit alleging its directors lied about the company's finances, arguing the company posted stellar growth in the relevant period.

Investors who brought the suit complain the stock price of Travelzoo, which has more than 25 million subscribers who use it to find cheap prices on things like airfare and hotels, fell after the company released a July 21 second-quarter earnings report that did not meet analysts' expectations....
To view the full article, register now.

Related

Sections

Case Information

Case Title

In re Travelzoo Inc. Securities Litigation


Case Number

1:11-cv-05531

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

George B. Daniels

Date Filed

August 9, 2011

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.