A class action lawsuit has been filed on behalf of investors who purchased Inovalon Holdings, Inc. (“Inovalon” or the “Company”) (NASDAQ: INOV) common stock in connection with the Company’s February 12, 2015 initial public offering (the “IPO”). The deadline to move for appointment as lead plaintiff in the case is August 23, 2016.
The lawsuit, which is pending in the United States District Court for the Southern District of New York, alleges that during its IPO the Company misrepresented the impact changes to corporate taxation in New York would have on its operations and results.
If you purchased Inovalon common stock and suffered losses on that investment, you are encouraged to contact Corey D. Holzer, Esq. via email at cholzer@holzerlaw.com, or via toll-free telephone at (888) 508-6832, to discuss your legal rights before the August 23, 2016 lead plaintiff deadline.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160627005859/en/
Contacts:
Marshall P. Dees, Esq.
888-508-6832
(toll-free)
mdees@holzerlaw.com
