|By Marketwired .||
|August 15, 2013 10:00 PM EDT||
NEW ORLEANS, LA -- (Marketwired) -- 08/15/13 -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., announces that a securities class action lawsuit has been filed against CafePress Inc. (NASDAQ: PRSS), on behalf of CafePress shareholders if they purchased the Company's securities in or traceable to CafePress's initial public offering ("IPO") on March 28, 2012 to July 30, 2013, inclusive (the "Class Period"). This action was commenced in the Superior Court of California for the County of San Mateo and removed to the United States District Court for the Northern District of California, where it is currently pending.
What You May Do
If you purchased shares of CafePress and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (email@example.com) or KSF Partner Melinda Nicholson (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you should contact KSF.
About the Lawsuit
The complaint accuses the defendants of violations of the Securities Act of 1933 by virtue of the defendants' failure to disclose in the Registration Statement and/or Prospectus, issued in connection with the IPO, that the Company was being negatively impacted by known trends affecting its small shop customers. According to the Complaint, following the Company's July 30, 2012 disclosure that there has been a trend of increased complexity and competitiveness in the marketplace, negatively impacting its small shop customers and that because of this trend, the Company had been building up its larger shop business to replace the erosion of smaller shop revenue, the value of CafePress shares declined significantly.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.