A lawsuit was filed on behalf of investors in Liquidity Services, Inc. (NASDAQ:LQDT) shares over alleged securities laws violations. Deadline: September 12, 2014. NASDAQ:LQDT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (ReleaseWire) -- 07/21/2014 --An investor, who purchased shares of Liquidity Services, Inc. (NASDAQ:LQDT), filed a lawsuit in the U.S. District Court for the District Court for the District of Columbia over alleged violations of Federal Securities Laws by Liquidity Services, Inc. in connection with certain allegedly false and misleading statements made between February 1, 2012 and May 7, 2014.

Investors who purchased shares Liquidity Services, Inc. (NASDAQ:LQDT) have certain options and for certain investors are short and strict deadlines running. Deadline: September 12, 2014. NASDAQ:LQDT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Liquidity Services, Inc. (NASDAQ:LQDT) common shares between February 1, 2012 and May 7, 2014, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims between February 1, 2012 and May 7, 2014, Liquidity Services, Inc. allegedly falsely represented the financial condition of the Company in issuing false and misleading statements concerning the Company's current and future profitability, its growth initiatives including the integration and performance of its acquisitions, the seriousness of the competition in the industry, and the adverse effects of its declining Department of Defense business and the offsetting gains in its commercial and local and state government segments.

Furthermore, the plaintiff alleges that defendants wrongfully portrayed Liquidity Services, Inc.as a profitable, growing company with substantial potential for further growth, and falsely reassured investors that any struggles by Liquidity Services, Inc.were merely temporary side effects to its lucrative growth initiative and that these material misrepresentations and omissions artificially inflated Liquidity Services, Inc.’s stock and allowed certain Company insiders to receive a windfall from selling Liquidity Services, Inc.’s stock at inflated prices.

On December 6, 2011, Liquidity Services, Inc. announces its fourth quarter and fiscal year 2011 financial results. Liquidity Services, Inc. reported that its Total Revenue rose from $273.01 million for the 12 months period that ended on Sept. 30, 2010 to $327.38 million for the 12 months period that ended on Sept. 30, 2011 while its respective Net Income decreased from $12.01 million to $8.51 million.

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) grew from $12.65 per share in early 2011 to as high as $64.68 per share in May 2012.

On November 29, 2012, Liquidity Services, Inc. announced its fourth quarter and fiscal year 2012 financial results. Liquidity Services, Inc. reported that its Total Revenue rose from $327.38 million for the 12 months period that ended on Sept. 30, 2011 to $475.30 million for the 12 months period that ended on Sept. 30, 2012 and that its respective Net Income increased from $8.51 million to $48.30 million.

On February 7, 2014, Liquidity Services, Inc. announced its first quarter fiscal year 2014 financial results and on May 8, 2014, announced its second quarter fiscal year 2014 financial results.

NASDAQ:LQDT shares lost significantly value since May 2012 and declined to as low as $12.17 per share on May 7, 2014.

On July 14, 2014, NASDAQ:LQDT shares closed at $13.34 per share.

Those who purchased shares of Liquidity Services, Inc. (NASDAQ:LQDT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com