NEW YORK, Jan. 29, 2015 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of ChannelAdvisor Corporation ("ChannelAdvisor" or the "Company") (NYSE: ECOM) securities during the period between November 6, 2014 and January 12, 2015, inclusive (the "Class Period"). Investors with significant losses are encouraged to contact us immediately at (800) 575-0735 or email [email protected].

Shares of ChannelAdvisor fell $11.32 per share, or more than 53%, to close at $9.83 per share on January 13, 2015, following the January 12, 2015 release of the company's preliminary fourth quarter 2014 revenue results.

ChannelAdvisor significantly lowered its expected revenue from a previous range of $25.6 - $26.1 million to $23.7 million. It is alleged that ChannelAdvisor knew and failed to disclose that its customer base had shifted from smaller clients to larger clients that in turn negatively impacted the revenue generated from its variable subscription, posing a risk to ChannelAdvisor's financial performance; and that larger clients were given a discount in the percentage of its gross merchandise volume that goes to ChannelAdvisor for variable subscriptions, further lowering the company's revenue.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has over 70 attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com. All e-mail correspondence should make reference to the "ChannelAdvisor investigation."

Attorney Advertising. Prior results do not guarantee or predict a similar outcome.