NEW YORK, May 9, 2015 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors of the imminent lead plaintiff deadline in the securities class action pending in the Central District of California against Inogen, Inc. (“Inogen” or the “Company”) (Nasdaq:INGN). Investors who wish to become proactively involved in the litigation have until May 12, 2015 to seek appointment as lead plaintiff.
The action alleges that the Company and its executives violated federal securities laws by issuance of certain statements.
On March 11, 2015, Inogen announced that “potential accounting matters” were discovered by management during the first quarter of 2015. This discovery prompted the audit committee, along with a group of independent investigators, to conduct an investigation of potential violations of Inogen’s accounting policies.
Following this news, Inogen shares declined by $4.24 per share, more than 11%, to close on March 12, 2015 at $33.10 per share.
Request more information now by clicking here: www.faruqilaw.com/INGN. There is no cost or obligation to you.
If you invested in Inogen stock or options through March 11, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/INGN. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Amira’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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Source:Faruqi & Faruqi LLP