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Lendingtree Inc (NASDAQ:TREE) Investor Investigation Concerning Potential Violations Of Securities Laws Announced

  • If you purchased shares of Lendingtree Inc (NASDAQ:TREE), 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
Lendingtree Inc
Security
NASDAQ: TREE

Summary

January 19, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Lendingtree Inc (NASDAQ:TREE) shares over potential securities laws violations by Lendingtree and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Lendingtree Inc (NASDAQ:TREE) concerning whether certain statements by Lendingtree Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Lendingtree Inc reported that its annual Total Revenue rose from $139.24 million in 2013 to $167.35 million in 2014 and that its Net Income rose from $3.95 million in 2013 to $9.36 million in 2014.

Shares of Lendingtree Inc (NASDAQ:TREE) grew from $40.40 per share in early 2015 to as high as $133.71 per share in August 2015.

Since then shares of Lendingtree Inc (NASDAQ:TREE) lost substantial value and declined to as low as $58.82 per share on January 13, 2016.

On January 19, 2016, NASDAQ:TREE shares closed at $67.64 per share.

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