QuinStreet, Inc.

QuinStreet, Inc. ( QNST ) Accused of Failing to Provide Its Clients With High Quality Leads

According to the complaint, QuinStreet, Inc. ( QNST ) public filings emphasized the company’s goal to generate sustainable revenues by providing measurable value to its clients, while behaving ethically and with integrity.  To the contrary, QuinStreet officials disregarded the occurrence of click-through fraud and QuinStreet’s practices were not geared toward providing its clients with valuable customers or high-quality leads or clicks.  QuinStreet’s wrongdoings came to light on April 11, 2018, when Kerrisdale Capital published a report detailing QuinStreet’s involvement in generating fake web traffic and poor quality clicks for its customers.  On this news, QuinStreet’s stock fell over 17% to close at $10.14 per share on April 11, 2018.

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