NASDAQ GS
MCHX

Marchex, Inc.

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Marchex, Inc. (NASDAQ GS: MCHX)

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Marchex, Inc. (“Marchex” or the “Company”) (NASDAQ GS: MCHX) between March 19, 2014 and September 18, 2014, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of Marchex during the Class Period, or purchased shares prior to the Class Period and still hold Marchex, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects.  As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on September 18, 2014, the Company reported to investors the need to lower future guidance as a result of a shift in one of its key customer’s payment model.  The Company stated, in relevant part, that Marchex, “lower[ed] its 2014 call-driven revenue outlook . . . [a]s a result of revised commitments from Allstate in the fourth quarter.”  Marchex further stated that Allstate sought to switch its business with Marchex to a fixed-fee basis from payments made for each call.

On this news, shares in Marchex dropped over 45%, closing at $4.07 per share on September 18, 2014, on heavy trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than January 18, 2016.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

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