Key Developments: Bazaarvoice Inc (BV.O)
7.48USD
20 May 2013
$-0.29 (-3.73%)
$7.77
$7.82
$7.85
$7.45
789,745
548,826
$20.20
$6.37
Latest Key Developments (Source: Significant Developments)
Zeldes Haeggquist & Eck, LLP Continues Investigation Of Bazaarvoice Inc
Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm, announced that it is investigating possible violations of the federal securities laws and other violations of law by certain officers and directors at Bazaarvoice, Inc. (Bazaarvoice). Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of Bazaarvoice Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Bazaarvoice, Inc. (Bazaarvoice or the Company) in connection with their decision to acquire PowerReviews Inc. On January 10, 2013 the Department of Justice announced that it had filed an antitrust lawsuit challenging the acquisition. Thereafter, shares of Bazaarvoice dropped from $8.97 per share to $6.54 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Bazaarvoice for not acting in the Company's shareholders' best interests in connection with the purchase of PowerReviews. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation of Bazaarvoice Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Bazaarvoice Inc (Bazaarvoice or the Company) in connection with their decision to acquire PowerReviews, Inc. (PowerReviews). On January 10, 2013 the Department of Justice announced that it had filed an antitrust lawsuit challenging the acquisition. Thereafter, shares of Bazaarvoice dropped from $8.97 per share to $6.54 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Bazaarvoice for not acting in the Company's shareholders best interests in connection with the purchase of PowerReviews. Full Article
Zeldes & Haeggquist, LLP Announces Investigation Of Bazaarvoice Inc
Zeldes & Haeggquist, LLP, a shareholder and consumer rights litigation firm, has commenced an investigation into possible violations of the federal securities laws by certain Officers and Directors at Bazaarvoice, Inc. On January 10, 2013, the Department of Justice announced that it had filed a civil antitrust complaint against Bazaarvoice for alleged violations of the Hart-Scott-Rodino Antitrust law, in connection with June 2012 acquisition of PowerReviews, Inc. in a transaction valued at approximately $168.2 million. Full Article
Law Offices of Todd M. Garber Announces Continued Investigation of Bazaarvoice Inc
The Law Offices of Todd M. Garber announced that it is investigating potential claims against Bazaarvoice Inc concerning possible violations of federal securities laws and/or breaches of fiduciary duties by the Company or its fiduciaries. The investigation is related to a civil antitrust lawsuit filed by the Department of Justice (DOJ) against Bazaarvoice challenging the Company's June 2012 acquisition of PowerReviews Inc. According to the DOJ, the $168.2 million transaction substantially lessened competition in the market for product ratings and reviews platforms in the United States, resulting in higher prices and diminished innovation. Full Article
Ryan & Maniskas, LLP Announces Investigation Of Bazaarvoice Inc
Ryan & Maniskas, LLP announced that it has commenced an investigation into potential securities law violations by certain officers of Bazaarvoice, Inc. (Bazaarvoice or the Company) . The investigation focuses on allegations that certain statements issued by the Company regarding the Company's business, operations and financial condition were false and misleading. Full Article
Law Offices of Howard G. Smith Announces Investigation of Bazaarvoice Inc
Law Offices of Howard G. Smith announced that it is investigating potential claims on behalf of shareholders of Bazaarvoice Inc. The investigation concerns possible breaches of fiduciary duties by the Company or its fiduciaries. The investigation is related to a civil antitrust lawsuit filed by the Department of Justice ("DOJ") against Bazaarvoice challenging the Company's June 2012 acquisition of PowerReviews Inc. According to the DOJ, the $168.2 million transaction substantially lessened competition in the market for product ratings and reviews platforms in the United States, resulting in higher prices and diminished innovation. Full Article
Holzer Holzer & Fistel, LLC Announces Investigation into Bazaarvoice Inc
Holzer Holzer & Fistel, LLC announced that it is investigating whether Bazaarvoice, Inc. (Bazaarvoice or the Company) and/or certain of its officers complied with the federal securities laws when making statements to investors between May 24, 2012 and January 10, 2013. On January 10, 2013, the Department of Justice announced that it had filed a civil lawsuit against Bazaarvoice alleging violations of federal antitrust laws in connection with the Company's acquisition of PowerReviews, Inc. The firm`s investigation seeks to determine if Bazaarvoice's public statements during that time period regarding the buyout were complete and accurate. Full Article
Shuman Law Firm Investigates Bazaarvoice Inc
Shuman Law Firm announced that it is investigating potential claims against certain officers and directors of Bazaarvoice Inc (Bazaarvoice or the Company). Bazaarvoice provides social commerce solutions in the United States and internationally. The firm`s investigation relates to a civil antitrust lawsuit filed by the U.S. Department of Justice (DOJ) against Bazaarvoice challenging the Company's June 2012 acquisition of PowerReviews Inc. According to the DOJ, the $168.2 million transaction substantially lessened competition in the market for product ratings and reviews platforms in the United States, resulting in higher prices and diminished innovation. Following the filing of the DOJ complaint, shares of Bazaarvoice stock dropped 17% from $9.00 per share to a January 10, 2013 closing price of $7.49 per share. On the following day, shares of Bazaarvoice stock dropped another 11% to a January 11, 2013 closing price of $6.65 per share. Full Article
Bazaarvoice Inc Issues Q4 2013 EBITDA Guidance; Revenue And EPS Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue And EBITDA Guidance; Raises FY 2013 EPS Guidance-Conference Call
Bazaarvoice Inc announced that for the fourth quarter of 2013, it expects revenue to be in the range of $42 million to $42.8 million, adjusted EBITDA loss to be in the range of $6.5 million to $7 million and Non-GAAP net loss per share to be in the range of $0.13 to $0.14. For fiscal 2013, it expects revenue to be in the range of $159 million to $159.7 million as compared to prior guidance of $161 million to $164 million, adjusted EBITDA loss to be in the range of $18.8 million to $19.8 million as compared to prior guidance of $18 million to $19 million and Non-GAAP net loss per share to be in the range of $0.33 to $0.34, as compared to prior guidance of $0.37 to $0.40. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $43.9 million, EBITDA of $(6.7) million and EPS of $(0.12) for the fourth quarter of 2013; revenue of $162.2 million and EPS of $(0.37) for fiscal 2013. Full Article
Bazaarvoice rejects DoJ lawsuit over PowerReviews deal
- Bazaarvoice Inc, which helps companies run online consumer reviews, said its purchase of PowerReviews Inc would not reduce competition, after the U.S. Justice Department sued the company to try to force it to sell some assets.
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