NEW YORK, April 23, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Northern District of Illinois on behalf of investors who purchased InnerWorkings, Inc. ("InnerWorkings" or the "Company") (Nasdaq:INWK) common stock between February 15, 2012 and November 6, 2013 (the "Class Period").
Click here to learn more about the action http://zlk.9nl.com/innerworkings-inwk, or call: 877-363-5972. There is no cost or obligation to you.
According to the complaint, on April 16, 2013, the Company revised its full year 2013 guidance due to a reduction of work orders by a large retail client. The following day, shares of InnerWorkings declined more than 25 percent. Then, on April 30, 2013, Prescience Point Research Group published an analyst report alleging that the Company was inflating its revenues by misapplying gross revenue and net accounting. Then on November 6, 2013, the Company announced lower than expected earnings per share, primarily due to issues with its Production Graphics division. Shares in InnerWorkings dropped more than 40% on this news, closing at $5.64 per share on November 7, 2013. Then on February 18, 2014, the Company announced it would restate its financial statements for all periods extending to the fourth quarter of 2011 through the third quarter of 2013.
Shareholders of InnerWorkings have until April 28, 2014 to seek appointment as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/innerworkings-inwk.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP