SAN DIEGO, Apr. 07, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of shares of Inogen Inc (Nasdaq:INGN) over alleged Federal Securities Laws Violations by Inogen in connection with certain allegedly false and misleading statements.
Investors who purchased a significant amount of shares of Inogen Inc (Nasdaq:INGN) between November 12, 2014 and March 11, 2015, and/or investors who purchased any (Nasdaq:INGN) shares prior to November 2014 and continue to hold any of those shares, have certain options and for certain investors are short and strict deadlines running. Deadline: May 12, 2015. (Nasdaq:INGN) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that Inogen made certain allegedly false and/or misleading statements about the accuracy of Inogen’s financial statements and the effectiveness of Inogen’s disclosure controls and procedures. Furthermore, the plaintiff alleges that Inogen failed to disclose material weaknesses in its internal controls over financial reporting.
On March 11, 2015, Inogen Inc announced that during the first quarter of 2015 certain potential accounting matters were discovered by management, which prompted the Audit Committee, with the assistance of independent advisors, to commence an internal investigation. Shares of Inogen Inc (INGN) declined to as low as $30.53 per share on March 12, 2015.
The lawsuit seeks to recover damages for certain Inogen investors.
Those who purchased Inogen Inc (Nasdaq:INGN) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108