"The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of QuinStreet, Inc. ("the Company") (NASDAQ: QNST) for violations of ยงยง10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission."
"The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On April 11, 2018, Kerrisdale Capital published a report asserting that QuinStreet's revenue growth is a "sham" and mainly the result of "malware redirects [and] bogus leads from web surfers trying to score [online currency.]" When the truth was revealed to the investing public, shares of QuinStreet fell $2.18 per share or over 17% to close at $10.14 per share on April 11, 2018, causing shareholders harm."
Read more: http://www.digitaljournal.com/pr/3731861#ixzz5E2CnuLpn