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Shareholder Class Action Filed Against FTD Companies, Inc.

Notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired FTD Companies, Inc. (“FTD”) (Nasdaq: FTD) securities between March 13, 2015 and March 14, 2017, inclusive (the “Class Period”).

FTD investors may receive additional information about the case by clicking the link "Join this Class Action" above. 


According to the complaint, FTD is a floral and gifting company. The company provides floral, gift and related products and services to consumers, retail florists, and other retail locations primarily in the U.S., Canada, the U.K., and the Republic of Ireland.  In December 2014, FTD announced the closing of its acquisition of Provide Commerce (“Provide”), a floral and gifting business.

The Class Period commences on March 13, 2015, when FTD filed an annual report on Form 10-K with the SEC, announcing the company’s financial and operating results for the quarter and fiscal year ended December 31, 2014.

According to the complaint, on March 14, 2017, post-market, FTD issued a press release and filed a Current Report on Form 8-K with the SEC, entitled “FTD Companies, Inc. Announces Fourth Quarter and Full Year 2016 Financial Results,” announcing certain of the company’s financial and operating results for the quarter and year ended December 31, 2016. FTD also announced, in part, that, due to identified errors, the company will restate previously reported consolidated financial statements for the years ended December 31, 2015 and 2014 and for the quarters in the years ended December 31, 2015 and 2016.

Following this news, FTD’s share price fell $5.54, or 23.69%, to close at $17.85 on March 15, 2017.

The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that:  (i) FTD’s financial statements contained errors relating to the assessment of cross-border indirect taxes; (ii) in turn, the company lacked effective internal controls over financial reporting; (iii) FTD had overstated the benefits of the Provide acquisition; and (iv) as a result of the foregoing, FTD’s public statements were materially false and misleading at all relevant times.

If you are a member of the class described above, you may no later than May 19, 2017 move the Court to serve as lead plaintiff of the class, if you so choose. 


A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.

Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter.  If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form and list your purchase and sale transaction(s) for FTD Companies, Inc. (Nasdaq: FTD) securities between March 13, 2015 and March 14, 2017, inclusive (the “Class Period”). ):

Information Sheet
* Denotes required field
Acquisitions
Date Aquired
Number of Shares Acquired
Acquisition Price Per Share
Sales
Date Sold
Number of Shares Sold
Selling Price Per Share
Did you purchase shares of FTD Companies, Inc. prior to the class period?
Are you a current or former employee of FTD Companies, Inc.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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