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August 23rd Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of Deadline in the Class Action Lawsuit Against Inovalon Holdings, Inc.

Law Offices of Howard G. Smith reminds investors of the upcoming August 23, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Inovalan Holdings, Inc. (“Inovalan” 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”).

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 Inovalon shares, you may move the Court no later than August 23, 2016 to request appointment 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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

Contacts:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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