Dyer & Berens LLP Announces Class Action on Behalf of Purchasers of Travelzoo Inc. Securities Alleging Significant Insider Trading
Travelzoo (MM) (NASDAQ:TZOO)
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Today : Friday 19 August 2011
Dyer & Berens LLP (www.DyerBerens.com) today announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired the securities of Travelzoo Inc. (NASDAQ: TZOO) between April 21, 2011 and July 21, 2011 (the "Class Period").
What actions may I take at this time? If you purchased or acquired securities during the Class Period and wish to serve as a lead plaintiff, you must request appointment by court no later than October 11, 2011. If you would like to discuss this action, the lead plaintiff process, or have any questions concerning this notice or your legal options, please contact Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via email at jeff@dyerberens.com.
What are the allegations in the complaint? The complaint alleges that, throughout the Class Period, defendants issued materially false and misleading statements regarding the company's operations, prospects and performance. Additionally, it charges that during the Class Period defendant Ralph Bartel, the company's founder, a director and the former Chairman, CEO and President, "sold and/or disposed of over 2.436 million Travelzoo shares that he owned or controlled to reap illicit proceeds of over $186.528 million, while in possession of material adverse non-public information about the Company." Based upon the foregoing, the complaint charges Bartel, the company, its CEO, and its former CFO with violations of the Securities Exchange Act of 1934.
About Dyer & Berens LLP. Dyer & Berens LLP has expertise in prosecuting investor class actions involving financial fraud. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors.
Contact:
Jeffrey A. Berens
Dyer & Berens LLP
303 East 17th Avenue, Suite 300
Denver, CO 80203
Tel: (888) 300-3362 x302
Email: Email Contact
Website: www.DyerBerens.com
