The Frankowski Firm, LLC announces the commencement of an investigation into Ancestry.com Inc., (“Ancestry.com” or the “Company”) to determine whether it has violated securities laws by issuing false and misleading statements to its shareholders in connection with its public offering of securities in May of 2011.
On May 11, 2011, Ancestry.com filed a Prospectus in connection with its Secondary Public Offering of approximately 4.35 million shares of its common stock at $42 per share. In the months following the Secondary Offering, however, the company’s stock declined precipitously after revelations were made about the Company’s subscriber base and the costs to stem the declines in subscriber growth. We are investigating whether the Company issued false and misleading statements to the investing public in connection with its Secondary Public Offering of securities.
What You Can Do
If you are an Ancestry.com shareholder, you may have legal claims under the securities laws. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Richard Frankowski via email at rfrankowski@bhlegal.com or via toll-free telephone at 888-741-7503. There is no cost to you.
About The Frankowski Firm LLC
The Frankowski Firm, LLC, is a Birmingham, Alabama law firm that among other things dedicates its practice to the representation of shareholders and investors in litigation, including shareholder class actions, derivative litigation and FINRA arbitrations. More information about the firm is available through its website, www.frankowskifirm.com and upon request from the firm. The Frankowski Firm, LLC has paid for the dissemination of this promotional communication and is responsible for its content.
No representation is made that the quality of legal services to be performed is greater than the quality of legal services to be performed by other lawyers.
If you or someone you know has lost money as a result of Ancestry.com, please contact Richard Frankowski at 205-747-1903 to discuss your potential legal remedies.