BENSALEM, Pa., Jan. 10, 2014 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces that investors of Tremor Video, Inc. ("Tremor Video" or the "Company") (NYSE:TRMR) have until January 21, 2014, to move the Court to serve as lead plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Southern District of New York on behalf of a class (the "Class") comprising all persons who purchased Tremor Video common stock pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the Company's June 27, 2013 initial public offering.
Tremor Video provides video advertising solutions through Internet-connected devices, including computers, smartphones, tablets and connected TVs, for advertisers, agencies and publisher partners in the United States and internationally. The Complaint alleges that the defendants failed to disclose that the Company was at a significant disadvantage to its competitors as a result of the online advertising market shifting away from desktop browsing and toward mobile browsing, and that the Company's inferior mobile browsing capabilities were causing the Company to lose sales to its competitors.
If you are a member of the Class described above, you have certain rights and have until January 21, 2014, to move for lead plaintiff status. To be a member of the Class you need not take any action at this time or may retain counsel of your choice. If you wish to learn more concerning your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.