National securities law firm Glancy
Prongay & Murray LLP (“GPM”) announces that a class action
lawsuit has been filed on behalf of investors that purchased or
otherwise acquired the securities of InnerWorkings,
Inc. (“InnerWorkings” or the “Company”) (NASDAQ: INWK)
between August 11, 2015, and May 7, 2018, inclusive (the “Class
Period”). InnerWorkings investors have until July 9, 2018 to
file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here
Investors that suffered losses on their InnerWorkings investments are
encouraged to contact Lesley Portnoy of GPM to discuss their legal
rights in this class action at 310-201-9150 or by email to email@example.com.
The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and misleading statements
regarding the Company's business, operational and compliance policies.
Specifically, Defendants made false and/or misleading statements and/or
failed to disclose that: (i) InnerWorkings' financial statements for the
fiscal years ending December 31, 2017, 2016, and 2015 as well as all
interim periods contained errors that required restating; and (ii) as a
result, InnerWorkings' public statements were materially false and
misleading at all relevant times.
On May 7, 2018, InnerWorkings disclosed that it was “postponing the
release of its first quarter 2018 financial results and conference call
due to errors in its historical financial statements identified during
the course of its first quarter financial reporting close process.” The
Company also disclosed that it would be “restating its financial
statements for the years ended December 31, 2017, 2016, and 2015, and
all interim periods within those years.” On this news, InnerWorkings’
share price fell 6.4% to close at $9.06 per share on May 8, 2018,
thereby injuring investors.
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If you purchased shares of InnerWorkings during the Class Period you may
move the Court no later than July 9, 2018 to ask the Court
to appoint you as lead plaintiff. To be a member of the Class you need
not take any action at this time; you may retain counsel of your choice
or take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century
Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to firstname.lastname@example.org,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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