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Bazaarvoice Inc (NASDAQ:BV) Investor Investigation Over Possible Violations Of Securities Laws

  • If you purchased shares of Bazaarvoice Inc (NASDAQ:BV), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Bazaarvoice Inc
Security
NASDAQ: BV

Summary

Jan. 11, 2013 (Shareholders Foundation) -- An investigation on behalf of investors of Bazaarvoice Inc (NASDAQ:BV) shares was announced over potential securities laws violations by Bazaarvoice Inc and certain of its directors and officers in connection certain financial statements.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Bazaarvoice Inc (NASDAQ:BV) concerning whether a series of statements by Bazaarvoice Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Bazaarvoice Inc (NASDAQ:BV) reported that its Total Revenue rose from $22.47 million for the 12 months period that ended on April 30, 2009 to $106.14 million for the 12 months period that ended on April 30, 2012.

Then on Jan. 10, 2013, U.S. Justice Department said it filed a civil antitrust lawsuit challenging the June 2012 acquisition by Bazaarvoice Inc of its main rival PowerReviews Inc.

Shares of Bazaarvoice Inc (NASDAQ:BV) dropped from $8.97 per share on Jan. 10, 2013 to $6.54 per share in Jan. 11, 2013.

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