San Diego, CA -- (SBWIRE) -- 04/08/2015 -- A deadline is coming up on June 15, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Envivio Inc (NASDAQ: ENVI) between April 24, 2012 and October 5, 2012.

Investors who purchased a significant amount of shares of Envivio Inc (NASDAQ: ENVI) between April 24, 2012 and October 5, 2012, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Envivio Inc (NASDAQ: ENVI) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/envivio-inc-nasdaq-envi-investor-securities-class-action-lawsuit-10192012

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 June 15, 2015. The class action administrator for this case is Gilardi & Co. LLC.

The lawsuit was originally filed in the Superior Court of the State of California for the County of San Mateo the against Envivio Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made in connection with the initial public offering on April 24, 2012. The plaintiff alleges that Envivio Inc and certain of its officers and directors violated Federal Securities Laws by issuing a false and misleading Registration Statement and Prospectus issued in connection with Envivio Inc's April 24, 2012 initial public offering. The plaintiff says that the prospectus represented Envivio Inc's revenue for fiscal years ended January 31, 2010, 2011 and 2012 of $16.3 million, $30 million and $50.6 million respectively.

Shortly after the IPO shares of Envivio Inc (NASDAQ: ENVI) reached on April 30, 2012 as high as $9.25 per share.

However, then on, August 13, 2012, Envivio announced that it expects revenue for the quarter ending July 31, 2012 to be in the range of $10 million to $11 million, as compared to its previous guidance of $17 million to $18 million.

Shares of Envivio Inc (NASDAQ: ENVI) declined from $6.34 per share on August 6, 2012, to $2.48 per share on August 14, 2012.

On September 6, 2012, after the market closed, Envivio Inc announced its results for its fiscal 2012 second quarter and issued its guidance for its fiscal 2012 third quarter. NASDAQ: ENVI shares declined from $2.68 per share to $2.22 per share on September 7, 2012.

Those who purchased shares of Envivio Inc (NASDAQ: ENVI) 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