|[September 28, 2013]
Glancy Binkow & Goldberg LLP Announces Investigation on Behalf of Shareholders of Expedia, Inc.
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of shareholders of Expedia,
Inc. ("Expedia (News - Alert)" or the "Company") (NASDAQ:EXPE) concerning possible
breaches of fiduciary duties by the Company or its fiduciaries. The
investigation is focused on certain statements issued by the Company
concerning Expedia's business, operations and prospects.
Please contact us at 212-682-5340, Toll-Free at 888-773-9224, or at firstname.lastname@example.org
to discuss this matter. If you inquire by email please include your
mailing address, telephone number and number of shares purchased.
Expedia, together with its subsidiaries, operates as an online travel
company in the United States and internationally. In 2005 Expedia was
spun-off by InterActie Corporation, along with the travel website
TripAdvisor, and in 2011 Expedia announced it would split into two
publicly traded companies by spinning off the TripAdvisor brand of
The investigation is related to allegations that following the spin-off,
TripAdvisor had been directing a significant amount of lucrative web
traffic to Expedia, pursuant to an informal strategic partnership
between the two companies that inured to the benefit of Expedia and to
the detriment of TripAdvisor, that TripAdvisor would stop directing web
traffic to Expedia in early 2013, and that performance at the Company's
Hotwire (News - Alert) unit was failing.
If you purchased Expedia shares and still hold those shares, if you have
information or would like to learn
more about these claims, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at
888-773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at 212-682-5340, by e-mail
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
[ Back To Technology News's Homepage ]