Pawar Law Group Announces Investigation of Securities Claims Against FTD Companies, Inc. – FTD

NEW YORK, NY / ACCESSWIRE / March 17, 2017 / The Pawar Law Group announces it is investigating potential securities claims on behalf of shareholders of FTD Companies, Inc. (NASDAQ: FTD) resulting from allegations that the Company may have issued materially misleading business information to the investing public.

On March 14, 2017, FTD announced during aftermarket hours that “the Company identified immaterial errors that were the result of an incorrect assessment of certain cross-border indirect taxes and required an immaterial restatement of the Company’s previously issued consolidated financial statements for the years ended December 31, 2015 and 2014 and for the quarters within the years ended December 31, 2016 and 2015.” On this news, shares of FTD fell $5.54 per share, or over 23%, to close at $17.85 per share on March 15, 2017.

Our investigation concerns whether the Company issued false and misleading statements to investors, causing investor losses. If you own FTD shares and wish to learn how to protect your investment and recover your losses in FTD stock, please visit http://pawarlawgroup.com/cases/ftd-companies-inc/, or contact Vik Pawar at 212-571-0805.

Contact:

Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938
vik@pawarlawgroup.com

SOURCE: Pawar Law Group

ReleaseID: 457600