TechWeb

Potential Securities Class Action for Demand Media, Inc. Shareholders Investigated by Goldfarb LLP

Aug 24, 2012 (03:08 PM EDT)
URL: http://www.techweb.com/show-press-release/X919553/potential-securities-class-action-for-demand-media-inc-shareholders-investigated-by-goldfarb-llp.html

DALLAS, Aug. 24, 2012 /PRNewswire/ -- Shareholders who purchased or acquired shares of Demand Media, Inc. (NYSE: DMD) traceable to the company's initial public offering are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbllp.com about their rights and remedies in relation to the plummeting stock price of the company.

"Although Demand Media relies heavily on the Google search engine methodology, Demand Media knew or should have known that Google was changing its methodology that would cause a significant decrease in website traffic to Demand Media websites," securities lawyer Hamilton Lindley said. "As a result, the company's stock fell from $24.16 to $14.69 per share.  The potential shareholder lawsuit will seek to recover the losses for Demand Media stockholders and institute proper controls over the company to avoid this type of wrongdoing in the future."

Goldfarb LLP lawyers have significant experience representing shareholders in securities lawsuits nationwide. Demand Media shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at hlindley@goldfarbllp.com or 877-583-2855.

Hamilton Lindley
Goldfarb LLP
2501 N. Harwood, Ste. 1801
Dallas, TX 75201
(877) 583-2855 Toll Free Telephone
(214) 583-2233 Local Phone Number
(214) 583-2234 Fax Number
hlindley@goldfarbllp.com
www.goldfarbllp.com

SOURCE Goldfarb LLP