A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of InnerWorkings Inc (NASDAQ:INWK) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on October 8, 2016 and NASDAQ:INWK investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/07/2016 -- The Shareholders Foundation announced that a deadline is coming up on October 8, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of InnerWorkings Inc (NASDAQ:INWK) between February 15, 2012 and November 6, 2013.
Investors who purchased a significant amount of shares of InnerWorkings Inc (NASDAQ:INWK) between February 15, 2012 and November 6, 2013, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the InnerWorkings Inc (NASDAQ:INWK) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/innerworkings-inc-nasdaq-inwk-investor-securities-class-action-lawsuit-02272014
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is October 8, 2016. The class action administrator for this case is Garden City Group LLC.
The lawsuit was originally filed in the U.S. District Court for the Northern District of Illinois against InnerWorkings Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between February 15, 2012 and November 6, 2013. According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired securities of InnerWorkings Inc (NASDAQ:INWK) between February 15, 2012 and November 6, 2013, that InnerWorkings Inc and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. More specifically, the plaintiff claims that defendants made allegedly false and/or misleading statements and/or failed to disclose that InnerWorkings Inc inflated its revenues in violation of Generally Accepted Accounting Principles, that InnerWorkings Inc artificially inflated its cash flows and adjusted EBITDA, and that as a result of the foregoing, InnerWorkings Inc's financial statements were allegedly materially false and misleading at all relevant times.
Those who purchased shares of InnerWorkings Inc (NASDAQ:INWK) 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