NEW YORK --(BUSINESS WIRE)-- Wolf Haldenstein Adler Freeman & Herz, LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Indiana on behalf of all persons or entities that purchased the common stock of Angie’s List, Inc. , (NASDAQ:ANGI) between February 14, 2013 and October 23, 2013 . The complaint alleges that during the Class Period, certain of the Company’s officers and directors violated federal securities laws by making false and misleading statements concerning the Company’s financial results, business prospects, revenue and internal controls. On September 30, 2013 , Angie's List announced that its Chief Technology Officer had been terminated effective on September 27, 2013 without any explanation and without naming a replacement. The Company’s common stock fell $3.59 per share, approximately 15%, over two trading days to close at $20.30 per share on October 1, 2013 . Then, on October 2, 2013 , following the close of the market, The Wall Street Journal reported that the Company cut its membership prices by 75% in several key markets and was also lowering advertising costs. On this news, Angie’s List common stock fell 17.5% or $3.68 per share to $17.31 per share on October 3, 2013 . Finally, following the close of trading on October, 23, 2013, Angie’s List issued a press release announcing the Company’s disappointing third quarter earnings and increased marketing costs. Further, the Company reduced its fourth quarter guidance. Following this revelation, the Company’s common stock declined by about 13% to $13.41 per share on October 25, 2013 . If you purchased Angie’s List common stock during the Class Period, you may, no later than February 21, 2014 , request that the Court appoint you as lead plaintiff of the class. If you are a shareholder of Angie’s List, Inc. , (NASDAQ:ANGI) with a loss of $75,000 or more and would like additional information concerning your rights in this matter, please contact us at: Patrick Donovan or Gregory M. Nespole Wolf Haldenstein Adler Freeman & Herz LLP 270 Madison Avenue New York, New York 10016 Phone Numbers: (800) 575-0735 (212) 545-4600 Please visit the Wolf Haldenstein website ( http://www.whafh.com ) for more information about the firm. Wolf Haldenstein did not file the original complaint against Angie’s List, Inc. Email: Classmember@whafh.com , Donovan@whafh.com , email@example.com or firstname.lastname@example.org and please reference “Angie’s List, Inc. , Investigation.” Attorney Advertising . Prior results do not guarantee or predict a similar outcome. Wolf Haldenstein Adler Freeman & Herz LLP Patrick Donovan or Gregory M. Nespole (800) 575-0735 (212) 545-4600 Source: Wolf Haldenstein Adler Freeman & Herz, LLP
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