SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Web.com Group, Inc. – WWWW
NEW YORK, NY / CRWEPRESSRELEASE / August 19, 2015 /Pomerantz LLP is investigating claims on behalf of investors of Web.com Group, Inc. (“Web.com” or the “Company”) (NASDAQ: WWWW). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Web.com and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 19, 2015 Web.com Group filed a form 8K, disclosing an August 13, 2015 breach of one of its computer systems potentially compromised the credit card number, name, and address of approximately 93,000 of its 3.3 million customers. Web.com Group discovered the breach through routine security monitoring.
On this news, shares of Web.com Group fell as much as 10.49% on intraday trading.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.