Travelzoo Inc. (Nasdaq: TZOO)

The firm is investigating a derivative case against Travelzoo Inc., an Internet media company, publishes travel and entertainment offers from various travel and entertainment companies in North America and Europe. It is incorporated in Delaware with its ppb in New York.

Travelzoo is 66% owned by founder Ralph Bartel’s company, Azzurro Capital. In late 2009, there was an unfair, related party transaction whereby Travelzoo divested its Asia Pacific division to an entity controlled by Azzurro Capital – both price and process were unfair to Travelzoo shareholders. Between April and June 2011, Bartel, the CEO, and a top director sold over $186 million worth of company stock for personal enrichment. This was out of the ordinary, since the three insiders had sold little to no stock previously.

On July 21, 2011, the Company issued an earnings release significantly missing analysts’ expectations, and the stock plummeted over 34%.

We seek to commence a shareholder derivative action on behalf of Travelzoo against certain of its current officers and directors for breach of fiduciary duty, waste of corporate assets, and unjust enrichment relating to the insider selling.

If you are a current shareholder who purchased prior to August 15, 2009 and would like to discuss your options of exercising your rights as a shareholder, which includes ensuring that the board of directors will act in the best interest of the shareholders, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.