San Diego, CA -- (ReleaseWire) -- 01/13/2014 -- An investigation on behalf of investors of ValueVision Media Inc (NASDAQ:VVTV) shares over potential securities laws violations by ValueVision Media and certain of its directors and officers in connection certain financial statements was announced.
If you purchased shares of ValueVision Media Inc (NASDAQ:VVTV), you have certain options and you should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements regarding ValueVision Media Inc’s business, its prospects and its operations were materially false and misleading at the time they were made.
ValueVision Media Inc reported that its Total Revenue increased from $558.39 million for the 12 months period that ended on Jan. 28, 2012 to $586.82 million for the 12 months period that ended on Feb. 2, 2013 and that its respective Net Loss declined from $48.06 million to $27.68 million.
NASDAQ:VVTV shares grew from $1.54 per share in May 2012 to as high as $6.18 per share in July 2013.
However, shares of ValueVision Media Inc reached $8.25 per share in July 2011.
Those who purchased shares of certain ValueVision Media Inc (NASDAQ:VVTV) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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