Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Inovalon Holdings, Inc. Investors and Encourages Investors to Contact the Firm

Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased Inovalon Holdings, Inc. (“Inovalon” or the “Company”) (NASDAQ: INOV) securities pursuant and/or traceable to the Registration and Prospectus (the “Registration Statement”) issued in connection with Inovalon’s February 12, 2015 initial public offering (the “IPO”).

Investors suffering losses on their Inovalon investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by e-mail to shareholders@glancylaw.com.

On or about, February 11, 2015, the Company completed its offering of over 25 million shares at an offering price of $27 per share. The complaint alleges that the Company misled investors concerning the implementation of a higher effective tax rate and the attendant damage to the Company’s financial performance after the IPO as a result of the higher tax rate. The price of Inovalon stock has declined significantly since its IPO, closing on February 9, 2016 at just $17.24 per share.

If you purchased shares of Inovalon pursuant and/or traceable to the Registration Statement, you may move the Court no later than August 23, 2016 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://glancylaw.com. If you inquire by e-mail please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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