Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against InnerWorkings, Inc. (INWK) and Encourages Investors to Contact the Firm
Bragar Eagel & Squire
May. 14, 2018
NEW YORK, May 14, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired InnerWorkings, Inc. (NASDAQ:INWK) securities between August 11, 2015 and May 7, 2018 (the “Class Period”). Investors have until July 9, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On May 7, 2018, after the market closed, INWK announced 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. Following this news, shares of INWK fell $0.62 per share, or 6.4%, to close at $9.06 on May 8, 2018.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) InnerWorkings’ financial statements for the fiscal years ending December 31, 2017, 2016, and 2015 as well as all interim periods contained errors that required restating; and (2) InnerWorkings’ financial statements were materially false and misleading at all relevant times.
If you purchased or otherwise acquired InnerWorkings securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, 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 Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the InnerWorkings, Inc. lawsuit, please go to https://bespc.com/innerworkings/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.