INNERWORKINGS, INC. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against InnerWorkings, Inc.
Wolf Haldenstein Adler Freeman & Herz LLP
May. 14, 2018
NEW YORK, May 14, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased InnerWorkings, Inc. (NASDAQ:INWK) ("InnerWorkings" or the "Company") securities between August 11, 2015 and May 7, 2018, inclusive (the "Class Period").
Investors who have incurred losses in shares of InnerWorkings, Inc. are urged to contact the firm immediately at email@example.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com
If you have incurred losses in the shares of InnerWorkings, Inc. and would like to assist with the litigation process as a lead plaintiff, you may, no later than July 9, 2018, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in InnerWorkings, Inc.
The filed complaint alleges that InnerWorkings and certain of its senior executive officers made false and misleading statements and/or failed to disclose to investors that
-- InnerWorkings' financial statements for fiscal years 2015, 2016 and 2017 contained errors that required restating; and -- InnerWorkings' financial statements were materially false and misleading at all relevant times.
The complaint further alleges that, as a result of the foregoing, investors purchased InnerWorkings's securities at artificially inflated prices during the Class Period and sustained investment losses following the Company's May 7, 2018 disclosures.
On May 7, 2018, InnerWorkings disclosed that it was "postponing the release of its first quarter 2018 financial results and conference call due to errors in its historical financial statements identified during the course of its first quarter financial reporting close process." Additionally, the Company disclosed that it "will be restating its financial statements for the years ended December 31, 2017, 2016, and 2015, and all interim periods within those years."
Following this news, shares of the Company's stock declined $0.62 per share, or over 6.4%, to close on May 8, 2018 at $9.08, on heavy trading volume.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at firstname.lastname@example.org, or visit our website at www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: email@example.com, firstname.lastname@example.org or email@example.com Tel: (800) 575-0735 or (212) 545-4774
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