| Company: | Expedia, Inc. |
| Ticker Symbol: | EXPE |
| Class Period: | Jul-27-12 to Jul-25-13 |
| Date Filed: | Sep-16-13 |
| Lead Plaintiff Deadline: | Nov-15-13 |
| Court: | Western District of Washington |
| Allegations: | |
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (a) following the spin-off of TripAdvisor into a separate publicly-traded company, TripAdvisor had been directing a significant amount of web traffic to Expedia pursuant to an informal strategic partnership between the two companies and to the detriment of TripAdvisor; (b) that the traffic directed to Expedia from TripAdvisor had been a material source of Expedia's outsized revenues following the spin-off; (c) that TripAdvisor would stop directing web traffic to Expedia in early 2013; and (d) that performance at the Company's Hotwire unit was failing.
On July 25, 2013, Expedia announced its second quarter 2013 financial results for the quarter ended June 30, 2013, noting a profit drop from $105.2 million the previous year to $71.5 million. Upon this news shares of Expedia fell from a close of $65.00 per share on July 25, 2013, to a close of $47.20 per share the following day.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
