Thread regarding QuinStreet Inc. layoffs

Schall Law Firm Announces it is Investigating Claims Against QuinStreet

"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."

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Post ID: @OP+SVx0Hqi

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I know there are a lot of smart people who work for Quinstreet.

To get a picture of what can happen with dysfunctional companies, take a look at the sites for Corinthian Colleges (later Zenith Education), ITT Educational Services, Education Management Corporation, DeVry (the former home of one of your Board members), University of Phoenix (and its parent company Apollo Group), and Bridgepoint Education (parent company of Ashford University). Work your way back about 5 years in the posts, and see if you can find patterns.

These laws suits are part of a pattern.

The future of Quinstreet is up to leadership and employees.

Post ID: @hfp+SVx0Hqi

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