Cases
Sito Mobile Ltd. (SITO)
Securities Class Action
Overview
Overview
- Date:
- 2/13/2019
- Company Name:
- Sito Mobile Ltd.
- Stock Symbol:
- SITO
- Class Period:
- FROM 8/15/2016 TO 1/2/2017
- Status:
- Closed/Complete
NEW YORK, February 13, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Sito Mobile Ltd. (NASDAQ: SITO).
On February 17, 2017 a complaint was filed alleging that between August 15, 2016 and January 2, 2017, defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Sito’s growth of bookings would not propel the company’s fourth quarter of 2016 media placement revenues and revenue growth to the level represented during the class period; (2) Sito was aware that the election would impact the company’s fourth quarter of 2016 revenue, (3) clients’ campaign spending and media placement revenues in the fourth quarter of 2016 was highly dependent on the elections; (4) the company’s growth in media placement revenues would not occur in the fourth quarter of 2016; (5) as a result of the foregoing, the company’s statements, as well as defendants’ statements about Sito’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you are a long term stockholder of Charter, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On February 17, 2017 a complaint was filed alleging that between August 15, 2016 and January 2, 2017, defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Sito’s growth of bookings would not propel the company’s fourth quarter of 2016 media placement revenues and revenue growth to the level represented during the class period; (2) Sito was aware that the election would impact the company’s fourth quarter of 2016 revenue, (3) clients’ campaign spending and media placement revenues in the fourth quarter of 2016 was highly dependent on the elections; (4) the company’s growth in media placement revenues would not occur in the fourth quarter of 2016; (5) as a result of the foregoing, the company’s statements, as well as defendants’ statements about Sito’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
If you are a long term stockholder of Charter, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.