Harwood Feffer LLP Announces Investigation of Etsy, Inc.

NEW YORK, May 14, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Etsy, Inc. ("Etsy" or the "Company") (NASDAQ: ETSY), concerning whether the board has breached its fiduciary duties to shareholders.

Etsy is a marketplace to buy and sell handmade and craft goods, primarily online.  On May 11, 2015, an equity analyst at a major financial institution issued a research note drawing into question whether certain seller practices may be improper and might limit Etsy's growth.  The research note states that potentially as many as 2 million items on Etsy, greater than 5% of all merchandise, may be counterfeit or constitute trademark or copyright infrginement. 

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Etsy shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
                         (212) 935-7400
Email:  bsachsmichaels@hfesq.com
Website:   http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP