DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed in the United States District Court for the Central District of California against Inogen, Inc. (“Inogen”) (NasdaqGS: INGN) and several officers and directors for acts taken during the period of November 12, 2014 to March 11, 2015 (the “Class Period”).
Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Inogen. If you are an affected Inogen shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, or via e-mail at shareholder@powerstaylor.com. There is no cost or fee to you.
According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that Inogen made false and misleading statements and/or failed to disclose material information regarding the accuracy of its financial statements and the effectiveness of its disclosure controls and internal controls over financial reporting. Inogen issued a press release on March 11, 2015 announcing that, during the first quarter of 2015, management discovered certain potential accounting matters. According to the press release, this discovery prompted the Audit Committee to commence an internal investigation into whether there were any violations of Inogen’s accounting policies. Inogen stock dropped significantly immediately following this announcement.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
