TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Travelzoo Inc. Long Term Investor Files Lawsuit Against Directors

  • If you purchased shares of Travelzoo Inc. (NASDAQ TZOO) prior to April 2011 and currently hold those TZOO shares, 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 case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Travelzoo Inc.
Security
NASDAQ: TZOO

Case Name
Travelzoo Shareholder Derivative Action 10/28/2011
Type of Lawsuit
Stockholder Derivative Action
You must register or login to receive notifications.

Click here to subscribe to Travelzoo Inc..
Summary

San Diego, Oct. 28, 2011 (Shareholders Foundation) -- A current investor in shares of Travelzoo Inc. (NASDAQ: TZOO) filed a lawsuit against directors of Travelzoo alleging breaches of fiduciary duties.
According to the complaint the plaintiff alleges that direcotrs at Travelzoo breached their fiduciary duties owed to TZOO stockholders. The lawsuit by a current investor over breaches of fiduciary duties follows an earlier lawsuit filed by investors who only purchased their TZOO stock in the period between April 21, 2011 and July 21, 2011. According to that complaint the plaintiff alleges Travelzoo Inc violated the Securities Exchange Act of 1934 by issuing a series of allegedly materially false and misleading statements.

Then on July 21, 2011, Travelzoo Inc. reported its second quarter 2011 Results. Even though Travelzoo’s second quarter Revenue increased from its first quarter Revenue 2011 of $36.96million and compared to its second quarter Revenue of $28.11million last year to a second quarter 2011 Revenue of $37.56million, Travelzoo Inc. reported earnings per share of $0.30, well below analysts' expectations of $0.39 per share.

Shares of Travelzoo Inc. (Public, NASDAQ:TZOO) fell from a close of $ 85.71 on July 20, 2011 to a close of $56 on July 21, 2011 and under $40 during trading on August 5, 2011