LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Envestnet, Inc. (“Envestnet” or the “Company”) (NYSE: ENV) investors concerning the Company and its officers’ potential violation of federal securities laws.
On March 2, 2017, the Company disclosed the need to delay its 10-K report, after identifying “control deficiencies” that represent “material weaknesses” in its control over financial reporting, the Company also disclosed it is unable to complete a timely review of its liability for sales taxes.
On this news Envestnet shares fell by nearly 7%, or over $2.75 per share, during trading on February 24, 2017.
If you purchased Envestnet securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.