Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of federal and state law by zulily, Inc. (NASDAQ: ZU) and certain of its officers. zulily operates as an online retailer. The company operates through two segments: North America and the United Kingdom.
Specifically, Johnson & Weaver’s investigation seeks to determine whether certain statements regarding zulily’s business and prospects were false and misleading when made.
On February 11, 2015, zulily announced financial results for its fourth quarter and full fiscal year ended December 28, 2014. The Company reported fourth quarter revenues of $391.3 million, which missed analysts’ estimates of $400.7 million, and adjusted fourth quarter earnings-per-share of $0.11, compared to estimates of $0.14. zulily also announced that its CFO would no longer serve in that capacity, effective February 13, 2015. On this news, shares of zulily fell 27%, to close at $14.52 on February 12, 2015.
If you have information that could assist in this investigation, or if you are a zulily shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contacts:
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
