Cases
InnerWorkings, Inc. (NASDAQ: INWK)
Securities Class Action
Overview
Overview
- Date:
- 6/18/2018
- Company Name:
- InnerWorkings, Inc.
- Stock Symbol:
- INWK
- Class Period:
- FROM 8/11/2015 TO 5/7/2018
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Central California
NEW YORK, June 18, 2018 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired InnerWorkings, Inc. (NASDAQ: INWK) securities between August 11, 2015 and May 7, 2018 (the “Class Period”). Investors have until July 9, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On May 7, 2018, after the market closed, INWK announced 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. Following this news, shares of INWK fell $0.62 per share, or 6.4%, to close at $9.06 on May 8, 2018.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) 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 (2) InnerWorkings’ financial statements were materially false and misleading at all relevant times.
If you purchased or otherwise acquired InnerWorkings securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On May 7, 2018, after the market closed, INWK announced 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. Following this news, shares of INWK fell $0.62 per share, or 6.4%, to close at $9.06 on May 8, 2018.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) 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 (2) InnerWorkings’ financial statements were materially false and misleading at all relevant times.
If you purchased or otherwise acquired InnerWorkings securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.