An investigation on behalf of certain investors of NASDAQ:ACOM shares over possible securities laws violations by Ancestry.com Inc was announced and NASDAQ:ACOM investors should contact the Shareholders Foundation.

San Diego, CA, USA (June 26, 2012) -- The Shareholders Foundation announces that 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 initiated.

Investors who purchased shares of Ancestry.com Inc (NASDAQ:ACOM) in the May 11, 2011 stock offering, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

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.

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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Media Contact:
Trevor Allen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
Web: www.shareholdersfoundation.com

This release was published on openPR.