BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased InnerWorkings, Inc. (“InnerWorkings” or the “Company”) (NASDAQ: INWK) securities between August 11, 2015, and May 7, 2018, inclusive (the “Class Period”). InnerWorkings investors have until July 9, 2018 to file a lead plaintiff motion.
Investors that suffered losses on their InnerWorkings investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) InnerWorkings' financial statements for the fiscal years ending December 31, 2017, 2016, and 2015 as well as all interim periods contained errors that required restating; and (ii) as a result, InnerWorkings' public statements were materially false and misleading at all relevant times.
On May 7, 2018, InnerWorkings disclosed that it was “postponing the release of its first quarter 2018 financial results and conference call due to errors in its historical financial statements identified during the course of its first quarter financial reporting close process.” The Company also disclosed that it would be “restating its financial statements for the years ended December 31, 2017, 2016, and 2015, and all interim periods within those years.” On this news, InnerWorkings’ share price fell 6.4% to close at $9.06 per share on May 8, 2018, thereby injuring investors.
If you purchased shares of InnerWorkings during the Class Period, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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