Gilman Law LLP, a leading national securities law firm, is now accepting claims for lawsuits on behalf of Princeton Review, Inc. shareholders. The firm is actively investigating shareholder claims that the Company violated federal securities laws by issuing materially false and misleading statements during the Class Period. The firm is currently offering free legal evaluations to all Princeton Review, Inc. investors nationwide.
For over 30 years, Gilman Law has represented investors in all major aspects of securities fraud litigation, including stock manipulation, securities fraud, and shareholder rights violations. If you purchased or otherwise acquired shares of Princeton Review, Inc. (NASDAQ: REVU)) during the period between March 12, 2009 and March 11, 2011, and either lost money on the transaction or still hold the shares, you must contact Gilman Law LLP no later than September 27, 2011 in order to exercise your legal rights against Princeton Review.
Princeton Review, Inc. Class Action Lawsuit Allegations
Princeton Review announced on March 9, 2011, that its President and CEO, Michael Perik, resigned and that the Board appointed John M. Connolly as Interim President and CEO. On the same day, Princeton Review issued a press release announcing its financial results for the fourth quarter and full year 2010. For the full year 2010, losses from continuing operations were $50.4 million, compared to a loss of $13.9 million in 2009. Shares of Princeton Review fell over 50% from March 9 to March 11, closing at 39 cents per share, after the Company’s announcements.
Subsequently, a lawsuit seeking class action status was filed in United States District Court for the District of Massachusetts on behalf of all purchasers of Princeton Review common stock from March 12, 2009 to March 11, 2011. The lawsuit alleges the Company failed to disclose that its revenues and earnings were negatively impacted by increased competition in its marketplace and that a number of significant operational problems existed at the company that negatively impacted its revenues. As a result of these omissions, Princeton Review’s stock traded at artificially inflated levels, the lawsuit claims.
Legal Help for Princeton Review, Inc. Shareholders
Gilman Law has extensive experience representing both individual and institutional investors in securities class action suits, and has recovered over a billion dollars for its clients. We are ready to assist investors who have sustained losses as a result Princeton Reviews’ fraudulent practices. For a free evaluation of your case or to obtain additional information, please fill out the form on the left or CALL TOLL FREE (888) 252-0048.
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