"STEVENSON, Md., May 01, 2018 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of QuinStreet, Inc. (Nasdaq:QNST) (“QuinStreet” or the “Company”) securities during the period between February 10, 2016 through April 10, 2018, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until June 26, 2018 to seek appointment as lead plaintiff."
"The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that QuinStreet recklessly disregarded the occurrence of click-through fraud, that QuinStreet-owned websites experienced phony, low quality traffic for its clients, and that QuinStreet’s practices were not geared toward providing its clients with valuable customers or high-quality leads or clicks."