LZ Investor Alert: Levi & Korsinsky Notifies Investors of Investigation Into LegalZoom.com, Inc. (LZ)
Levi & Korsinsky notified investors of an investigation into LegalZoom after its August 5 second-quarter release, when shares dropped despite adjusted EPS of $0.16 beating the $0.15 consensus, because full-year revenue guidance was reduced to approximately $795–805 million from $810–830 million.
Why it matters — A LegalZoom watcher would care because the reduced revenue guidance and resulting share decline have prompted an investor investigation that could affect the company's outlook.