Travelzoo Inc. is an internet company that publishes travel deals.

According to a Complaint filed on August 9, 2011, the Defendants violated federal securities laws when releasing positive statements about the Company’s performance.

The Plaintiffs allege that statements made by the Company from April, 2011 through June, 2011 concerning the Company’s performance artificially inflated the share prices. Among the public statements Travelzoo made included presenting, or condoning such presentations, at investment conferences across the country, hosted by the nation's leading brokerage houses.

On July 21, 2011, Defendants revealed to investors, for the first time, that the Company was performing well below expectations, with costs and expenses well above plan and with revenues well below. Shares of the Company immediately collapsed, falling approximately $30.00 per share, or 30 percent, to $60.00 per share in morning trading on the Nasdaq, after touching a low of $57.48 per share.

On November 23, 2011, the Court issued an order consolidating related actions, appointing lead Plaintiff, and approving the selection of lead Counsel. On January 6, 2012, the lead Plaintiffs filed their consolidated and amended Complaint.

On March 29, 2013, a memorandum decision and order was issued by the Court granting the Defendants' motions to dismiss. On the same day, an accompanying judgment was issued by the Clerk. On April 25, the lead Plaintiffs filed a notice of their decision to appeal the dismissal. This appeal was withdrawn by the parties on September 24.