NEW YORK, July 29, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Columbia on behalf of investors who purchased Liquidity Services, Inc. ("LQDT" or the "Company") (Nasdaq:LQDT) securities between February 1, 2012 and May 7, 2014.
Click here to learn about the case: http://docs.wongesq.com/LQDT-Info-Request-Form-323. There is no cost or obligation to you.
The complaint alleges that defendants issued materially false and/or misleading statements and/or failed to disclose material information regarding (a) mix changes in the Company's Department of Defense surplus and retail businesses; (b) delayed capital asset projects in both the U.S. and abroad; and (c) unusual softness in the Company's energy vertical due to an industry-wide decline in line pipe and related equipment.
If you suffered a loss in LQDT you have until September 12, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/LQDT-Info-Request-Form-323.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.