Ancestry.com Inc (NASDAQ:ACOM) Investor Investigation over May 2011 Secondary Offering

If you purchased shares of Ancestry.com Inc (NASDAQ:ACOM) in the May 11, 2011 stock offering, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Ancestry.com
Affected Securities: 
NASDAQ: ACOM

June 12, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in Ancestry.com Inc (NASDAQ:ACOM) shares, who purchased their NASDAQ:ACOM shares in the May 11, 2011 stock offering, over potential securities laws violations by certain officers and directors at Ancestry.com Inc in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ancestry.com Inc (NASDAQ:ACOM) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements about Ancestry.com’s business, its prospects and its operations were potentially materially false and misleading at the time they were made.

Ancestry.com Inc (NASDAQ:ACOM) reported that its annual Revenue rose from $197.59million in 2008 to $399.66million in 2011 and its Net Income over the respective time periods surged from $2.38million to $62.90million.

Within less than 12 months shares of Ancestry.com Inc (NASDAQ:ACOM) reached on July 15, 2011 $43.94 per share and then fell to as low as $21.06 per share on May 18, 2012.

On Jun 12, 2012, NASDAQ:ACOM shares closed at $26.38 per share.