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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Wayfair, Inc.Levi & Korsinsky announces it has commenced an investigation of Wayfair, Inc. ("Wayfair" or the "Company") (NYSE: W) concerning possible violations of federal securities laws by certain officers and directors. The investigation concerns a report issued by Citron Research which states, among other allegations, that Wayfair had deliberately refused to acknowledge Overstock as a competitor in its SEC (News - Alert) filings, despite the similarities between the two companies, because to do so would make it apparent that "Wayfair's stock is not worth more than $10 a share." The report also notes that in an August 31, 2015 interview, Wayfair's CEO referred to the company as profitable "for the first nine years of this business" when, per the Company's filings, Wayfairhad $190 million in cumulative losses before going public, and this number has continued to escalate. To obtain additional information about the investigation, go to: or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
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