July 08, 2020
Wayfair Inc. executives escaped an $87 million stock drop suit on Wednesday when a federal judge ruled that investors failed to show they lied about the e-commerce giant's prospects or fraudulently dumped stock before announcing a big loss.
April 29, 2020
Wayfair Inc. investors may need more evidence to support their claim that the e-commerce giant's executives fraudulently dumped $87 million worth of stock before announcing a big loss, a skeptical Massachusetts federal judge said Wednesday.
January 11, 2019
Executives at Wayfair Inc. raked in more than $87 million by pumping up the company's value during an investor call and then selling off their shares before announcing disappointing results the next quarter, a proposed class action filed Friday in Boston federal court alleges.