A lawsuit was filed on behalf of investors in Invuity, Inc. (NASDAQ:IVTY) shares over alleged securities laws violations and NASDAQ:IVTY investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/07/2017 -- An investor, who purchased shares of Invuity, Inc. (NASDAQ:IVTY), filed a lawsuit in California over alleged Securities Laws violations by Invuity, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Invuity, Inc. (NASDAQ:IVTY) have certain options and for certain investors are short and strict deadlines running. Deadline: April 28, 2017. NASDAQ:IVTY investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Invuity, Inc. (NASDAQ:IVTY) common shares between July 19, 2016 and November 3, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 19, 2016 and November 3, 2016, Invuity misrepresented its ability to sustain its average revenue per account, which serves as a critical metric for the Company's growth.
On November 3, 2016, Invuity, Inc. reported its third quarter financial results and lowered its guidance. Shares of Invuity, Inc. (NASDAQ:IVTY) declined from $14.00 per share in September 2016 to $5.10 per share.
On March 6, 2017, NASDAQ:IVTY shares closed at $8.05 per share.
Those who purchased shares of Invuity, Inc. 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