|[January 30, 2013]
The Shuman Law Firm Investigates Bazaarvoice, Inc.
BOULDER, Colo. --(Business Wire)--
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 Sttes and
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 (News - Alert) 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
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 email@example.com
or email Mr. Glenn at firstname.lastname@example.org.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in stockholder litigation.
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