SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Marchex, Inc. (MCHX) and Lead Plaintiff Deadline January 19, 2016

NEW YORK, NY / ACCESSWIRE / January 13, 2016 / Bronstein, Gewirtz & Grossman, LLC reminds investors of class action against Marchex, Inc. (“Marchex” or the “Company”) (NASDAQ: MCHX). The class action has been filed in the United States District Court for the Southern District of New York on behalf of a class consisting of all persons or entities who purchased Marchex securities during the period between March 19, 2014 through September 18, 2014, inclusive (the “Class Period”). Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at info@bgandg.com or 212-697-6484.

This lawsuit alleges that the defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) Allstate sought to switch its business with Marchex to a fixed- fee basis from payments made for each call; (2) consequently, Marchex’s revenue would be negatively impacted; and (3) as a result of the foregoing, defendants public statements about Marchex’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On September 18, 2014, Marchex released that it had lowered its 2014 call-driven revenue outlook… as a result of revised commitments from Allstate in the fourth quarter. Marchex attributed this reduction in guidance to “revised commitments” from Allstate.

Following this news, Marchex shares fell $3.38, or more than 45%, to close at $4.07 per share on September 18, 2014, on unusually heavy volume.

If you are aware of any facts relating to this investigation, or purchased shares of Marchex, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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