An investigation on behalf of investors in Inogen Inc (NASDAQ:INGN) shares over potential wrongdoing at Inogen Inc was announced and NASDAQ:INGN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/08/2016 -- An investigation was announced on behalf of investors in shares of Inogen Inc (NASDAQ:INGN) was announced over potential breaches of fiduciary duties by certain directors at Inogen Inc.
Investors who purchased shares of Inogen Inc (NASDAQ:INGN) and currently hold any of those NASDAQ:INGN shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Inogen directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 March 13, 2016, a lawsuit was filed against Inogen Inc over alleged securities laws violations. The plaintiff claimed that Inogen Inc made 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.
Those who purchased shares of Inogen Inc have certain options and should contact the Shareholders Foundation.
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