QuinStreet, Inc. Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against QuinStreet, Inc. ("QuinStreet" or the "Company") (NYSE: QNST). This investigation concerns whether QuinStreet has violated federal securities laws and/or engaged in other unlawful business practices.
On April 11, 2019, Kerrisdale Capital published a report accusing QuinStreet of (a) artificially boosting the company's "leads" revenue by secretly paying web surfers to click on its advertiser-sponsored links; and (b) failing to adequately disclose the company's revenue concentration in, and growth from, a single large client, Progressive Insurance.
On August 8, 2019, the Company announced disappointing earnings for the second quarter of 2019, causing shares fall $4.56 per share, or 28%, to close at $11.81.
If you acquired QuinStreet securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.