|[December 05, 2013]
SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $100,000 in Losses from Investment in Tremor Video, Inc. to Contact Brower Piven Before the January 21, 2014 Lead Plaintiff Deadline
STEVENSON, Md. --(Business Wire)--
Brower Piven, A Professional Corporation announces that a class action
lawsuit has been commenced in the United States District Court for the
Southern District of New York on behalf of purchasers of Tremor Video,
Inc. ("Tremor Video" or the "Company") (NYSE: TRMR) common stock
pursuant to and/or traceable to the Registration Statement and
Prospectus issued in connection with Tremor Video's June 27, 2013
initial public offering ("IPO").
If you have suffered a net loss from investment in Tremor Video, Inc.
common stock purchased pursuant to and/or traceable to the IPO, at no
cost to you, you may obtain additional information about this lawsuit
and your ability to become a lead plaintiff by contacting Brower Piven
by email at firstname.lastname@example.org,
by calling 410/415-6616, or at Brower Piven, A Professional Corporation,
1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower
Piven have combined experience litigating securities and class action
cases of over 60 years.
No class has yet been certified in the above action. Members of the
Class will be represented by the lead plaintiff and counsel chosen by
the lead plaintiff. If you wish to choose counsel to represent you and
the Class, you must apply to be appointed lead plaintiff no later than
January 21, 2014 and be selected by the Court. The lead plaintiff will
direct the litigation and participate in important decisions including
whether to accept a settlement and how much of a settlement to accept
for the Class in the action. The lead plaintiff will be selected from
among applicants claiming the largest loss from investment in the
Company during the Class Period.
The complaint accuses the defendants of violations of the Securities Act
of 1933 by virtue of the defendants' failure to disclose in connection
with the IPO that the online advertising market had materially shifted
towards mobile browsing, as opposed to desktop browsing, placing the
Company at a significant disadvantage, and that the Company was losing
sales to competitors because of its inferior mobile browsing
capabilities. According to the complaint, shares of Tremor Video have
declined 60% from the time of the IPO.
If you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other counsel of
your choice. You need take no action at this time to be a member of the
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