Investor alert: glancy prongay & murray llp investigates claims on behalf of investors of etsy, inc.

Los angeles--(business wire)--glancy prongay & murray llp announces that it is investigating potential claims on behalf of investors of etsy, inc. (“etsy” or the “company”) (nasdaq: etsy) concerning whether the company has misled investors regarding the company’s alleged violation of intellectual property rights law, and the subsequent impact on the company’s revenues. investors who purchased etsy shares prior to may 11, 2015 are encouraged to contact lesley portnoy, at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. if you inquire by email please include your mailing address, telephone number and number of shares purchased. the investigation concerns the company’s and its executives alleged violation of the securities laws, and the subsequent damage to investors after the sharp decline in the company’s share price. etsy operates online and offline marketplaces to buy and sell handmade items, vintage goods, and craft supplies. its platform connects sellers and buyers to sell or buy products for art, home and living, mobile accessories, jewelry, wedding, and others. on may 11, 2015, numerous news outlets, including bloomberg and the associated press, reported that over 5% of all merchandise for sale on etsy’s website were either counterfeit or constituted trademark or copyright infringement; and brands are increasingly pursuing sellers on etsy’s platform for trademark or copyright infringement, jeopardizing etsy’s listing fees and commissions. as a result of this news, shares of etsy fell $1.54 per share, or over 5%, to close at $25.78 per share on may 12, 2015. the company’s shares have declined further on news of etsy’s poor quarterly results, and that a major intellectual property rights holder has sued the company for infringement. on may 20, 2015, the company’s shares closed at $17.20, a nearly $14.00 per share decline from the company’s recent high of $31.00 on april 16, 2015. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
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