Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against MaxPoint Interactive, Inc. and Lead Plaintiff Deadline October 30, 2015

NEW YORK, NY / ACCESSWIRE / October 14, 2015 / Attorney Advertising– Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of MaxPoint Interactive, Inc. (“MaxPoint” or the “Company”) (NYSE:MXPT), pursuant and/or traceable to MaxPoint’s initial public offering on or about March 6, 2015 (the “IPO”). (the “Class Period”).

The Lawsuit alleges that MaxPoint’s IPO offering documents were inaccurate because MaxPoint failed to disclose that it was receiving two-thirds of its sales from only 50 customers and that due to this high customer concentration, it was more exposed to those 50 customers’ budgetary proclivities and promotional activities. Additionally, the suit also claims that MaxPoint had been signing smaller customers with smaller advertising budgets in the months leading up to the IPO and consequently, MaxPoint’s sales growth was declining at the time of the IPO. Since the IPO, the price of MaxPoint common stock has declined approximately 60% and is currently trading at below $5.00 per share.

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman 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 and telephone number. If you suffered a loss in MaxPoint you have until October 30, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

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 Eitan Kimelman 212-697-6484
info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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