Tremor Video Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Tremor Video, Inc. (“Tremor Video” or “Company”) (NYSE: TRMR). The firms are investigating additional legal claims against the officers and Board of Directors of Tremor Video pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Tremor Video’s June 27, 2013 initial public stock offering (the “IPO”) (the “Class”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, [phone], or via email at [e-mail], or Zachary Groover at Powers Taylor LLP, toll free [phone], via e-mail at [e-mail]. There is no cost or fee to you.

In a recently filed federal class action complaint, Tremor Video and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that among other things, defendants’ misrepresented and/or failed to disclose that at the time of the IPO that: (i) due to the shift of the online advertising market towards mobile browsing, not desktop browsing, Tremor Video was at a significant disadvantage to its competitors; and (ii) Tremor Video was losing sales to competitors due to its lack of mobile browsing capabilities. According to the complaint, Tremor Video’s shares have declined 60% since the IPO.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.