An investigation on behalf of current long term investors in Inogen Inc (NASDAQ:INGN) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:INGN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/21/2015 -- An investigation on behalf of current long-term investors in shares of Inogen Inc (NASDAQ:INGN) concerning potential breaches of fiduciary duties by certain directors and officers of Inogen Inc was announced.
Investors who are current long term investors in Inogen Inc (NASDAQ:INGN) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ:INGN stocks follows a lawsuit filed recently against Inogen Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:INGN stocks, concerns whether certain Inogen officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the Company made certain 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.
On april 17, 2015, NASDAQ:INGN shares closed at $36.18 per share.
Those who purchased shares of Inogen Inc (NASDAQ:INGN) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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