InnerWorkings Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | InnerWorkings Inc |
Stock Symbol : | NASDAQ: INWK |
Class Period Start: | 08/11/2015 |
Class Period End: | 05/07/2018 |
Lead Plaintiff motion: | 07/09/2018 |
Date Filed: | 05/10/2018 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of Illinois |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the July 9, 2018 lead plaintiff deadline in a class action lawsuit filed against InnerWorkings Inc (NASDAQ: INWK) (“InnerWorkings” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Illinois and investors, who purchased InnerWorkings Inc securities between August 11, 2015 and May 7, 2018, have until July 9, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased InnerWorkings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that 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 InnerWorkings’ financial statements were materially false and misleading at all relevant times. On May 7, 2018, the Company issued a Form 8-K announcing non-reliance on previous financial statements for 2015, 2016, and 2017. In addition, the Company announced it would postpone the release of its first quarter 2018 financial result and conference call due to the errors in its historical financial statements. InnerWorkings stated that the accounting errors “relate primarily to recording a portion of costs of goods sold in the wrong period…” Following this news, NASDAQ: INWK fell 6.4% to close at $9.06 per share on May 8, 2018, thereby injuring investors. If you were negatively impacted by your investment in InnerWorkings Inc securities between August 11, 2015 and May 7, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |