NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of INSYS Therapeutics, Inc. (NASDAQ: INSY) concerning possible violations of federal securities laws.
On March 15, 2017, INSYS announced that it would delay the release of its financial results for the quarter and year ended December 31, 2016. INSYS advised investors that "[t]he Audit Committee of the Company’s Board of Directors has been conducting an independent review of the Company's processes related to estimation of, and increases to, certain sales allowances recorded during 2016, with a potential reduction of 2015 net revenue and pre-tax income not expected to exceed $5 million, as well as extended payment terms offered to certain customers during the third quarter of 2016." Following this news, shares of INSYS were down more than 5% on intraday trading on March 16, 2017. To obtain additional information, go to:
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