Robbins Arroyo LLP: InnerWorkings, Inc. (INWK) Misled Shareholders According to a Recently Filed Class Action
SAN DIEGO & CHICAGO--(BUSINESS WIRE)--May 14, 2018--Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of InnerWorkings, Inc. (NasdaqGS: INWK) have filed a class action complaint against the company’s officers and directors for alleged violations of the Securities Exchange Act of 1934 between August 11, 2015 and May 7, 2018. InnerWorkings provides marketing execution solutions in North America and internationally.
View this information on the law firm’s Shareholder Rights Blog: www.robbinsarroyo.com/innerworkings-inc-may-2018
InnerWorkings Accused of Submitting Inaccurate Financial Statements
According to the complaint, InnerWorkings submitted a series of public filings attesting to the accuracy of financial reporting and the disclosure of all fraud. It therefore came as a surprise to investors when InnerWorkings disclosed on May 7, 2018, that its financial statements contained accounting errors. InnerWorkings admitted that the errors were related to recording a portion of costs of goods sold in the wrong period, and that the company would consequently be restating its financial statements for the years ended December 31, 2017, 2016, and 2015, and all interim periods within those years. On this news, InnerWorkings’ stock fell 6.4% to close at $9.06 per share on May 8, 2018.
InnerWorkings Shareholders Have Legal Options
If you would like more information about your rights and potential remedies, contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm’s website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180514006475/en/
CONTACT: Robbins Arroyo LLP
(619) 525-3990 or Toll Free (800) 350-6003
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA ILLINOIS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Robbins Arroyo LLP
Copyright Business Wire 2018.
PUB: 05/14/2018 06:57 PM/DISC: 05/14/2018 06:57 PM