Glancy Prongay & Murray LLP Announces Investigation on Behalf of Impinj, Inc. Investors (PI)
LOS ANGELES--(BUSINESS WIRE)--Aug 3, 2018--National Shareholder Rights Law Firm Glancy Prongay & Murray LLP (“GPM”) announces that it has commenced an investigation on behalf of Impinj, Inc. (“Impinj” or the “Company”) (NASDAQ: PI ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On August 2, 2018, Impinj announced that it was delaying the release of its second quarter 2018 results. The Company further disclosed that its Audit Committee commenced an independent investigation in connection with a complaint filed by a former employee, and that Impinj contacted the Securities and Exchange Commission (“SEC”) to advise the SEC of the independent investigation.
On this news, Impinj’s share price fell approximately 15% during intraday trading on August 3, 2018, thereby injuring investors.
If you purchased Impinj securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180803005534/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 08/03/2018 07:30 PM/DISC: 08/03/2018 07:30 PM