Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against ChannelAdvisor Corporation and Lead Plaintiff Deadline of March 24, 2015

NEW YORK, March 11, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of ChannelAdvisor Corporation, Inc. ("ChannelAdvisor" or the "Company") ECOM, during the period between November 6, 2014 and January 12, 2015, inclusive (the "Class Period").

The Complaint alleges that ChannelAdvisor and certain of its officers and directors issued materially false and misleading statements about the Company's true financial condition and prospects.

On January 12, 2015, ChannelAdvisor announced disappointing preliminary revenue results for the quarter ended December 31, 2014. The Company cited an unusual shift of gross merchandise volume to larger customers during the holiday season resulting in lower variable subscription revenue.

Following this news, the price of ChannelAdvisors' stock declined by $11.32 per share, or over 53%, to close on January 13 at $9.83 per share.

Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of ChannelAdvisor during the Class Period described above.  

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.  If you suffered a loss in ChannelAdvisor you have until March 24, 2015 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

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