Inovalon Holdings Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Inovalon Holdings Inc |
Stock Symbol : | NASDAQ: INOV |
Class Period Start: | 02/12/2015 |
Class Period End: | 06/24/2016 |
Lead Plaintiff motion: | 08/23/2016 |
Date Filed: | 06/24/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the August 23, 2016 lead plaintiff deadline in a class action lawsuit filed against Inovalon Holdings Inc (NASDAQ: INOV) (“Inovalon” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Inovalon Holdings Inc securities in connection with Inovalon’s February 12, 2015 Initial Public Offering (“IPO”), have until August 23, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Inovalon Holdings 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 the Registration Statement issued in connection with the IPO contained false and misleading statements and/or allegedly failed to disclose that Inovalon receives substantial revenues from sales in the City of New York and the State of New York, both of which were reforming their corporate tax schemes. The corporate tax rate increases were implemented on January 1, 2015, more than a month prior to Inovalon's IPO, which significantly raised Inovalon's effective tax rate and lowered the Company's 2015 earning potential. When this information was revealed to the market, Inovalon's common stock declined in value considerably. If you were negatively impacted by your investment in Inovalon Holdings Inc securities in connection with Inovalon’s February 12, 2015 Initial Public Offering (“IPO”) 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 |