Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Inovalon Holdings Inc. (“Inovalon” or the “Company”) (Nasdaq: INOV) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at brian@lundinlawpc.com.
On December 12, 2016, Inovalon stated it was unable to finalize a $40 million transaction and because of this, the company had revised its 2016 guidance to $426 million in revenue, contrasted against an expected $490 million. Analyst Piper Jaffray found “lack of adequate disclosure” was a core problem for Inovalon. When this information was released to the public, the value of Inovalon dropped, causing investors severe harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161214005928/en/
Contacts:
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
