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IN RE WAYFAIR INC. SECURITIES LITIGATION
Case Number:
1:19-cv-10062
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 08, 2020
Wayfair Execs Duck $87M Stock Drop Suit
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.
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April 29, 2020
$87M Wayfair Stock-Drop Suit Draws Skepticism From Judge
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.
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January 11, 2019
Wayfair Execs Accused Of Inflating Stock, Pulling In $87M
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.