The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Bazaarvoice, Inc. (“Bazaarvoice” or the “Company”) (Nasdaq: BV). Bazaarvoice provides social commerce solutions in the United States and internationally.
The firm’s investigation relates to a civil antitrust lawsuit filed by the U.S. Department of Justice (“DOJ”) against Bazaarvoice challenging the Company's June 2012 acquisition of PowerReviews Inc. According to the DOJ, the $168.2 million transaction substantially lessened competition in the market for product ratings and reviews platforms in the United States, resulting in higher prices and diminished innovation. Following the filing of the DOJ complaint, shares of Bazaarvoice stock dropped 17% from $9.00 per share to a January 10, 2013 closing price of $7.49 per share. On the following day, shares of Bazaarvoice stock dropped another 11% to a January 11, 2013 closing price of $6.65 per share.
If you currently own Bazaarvoice common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at firstname.lastname@example.org or email Mr. Glenn at email@example.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.