The Shareholders Foundation announces that a deadline is coming up on May 12, 2015 in the lawsuit filed for investors of Inogen Inc (NASDAQ:INGN) over alleged securities laws violations by Inogen.
Investors who purchased shares of Inogen Inc (NASDAQ:INGN) have certain options and there are strict and short deadlines running. Deadline: May 12, 2015. NASDAQ:INGN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Inogen Inc (NASDAQ:INGN) common shares between November 12, 2014 and March 11, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Company made false and/or misleading statements about the accuracy of Inogen’s financial statements and the effectiveness of Inogen’s disclosure controls and procedures. Furthermore, the plaintiff alleges that Inogen failed to disclose material weaknesses in its internal controls over financial reporting.
On March 11, 2015, Inogen Inc announced that during the first quarter of 2015 certain potential accounting matters were discovered by management, which prompted the Audit Committee, with the assistance of independent advisors, to commence an internal investigation. Shares of Inogen Inc (NASDAQ:INGN) declined to as low as $30.53 per share on March 12, 2015.
Those who purchased shares of Inogen Inc (NASDAQ:INGN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com