LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Impinj, Inc. (“Impinj” or “the Company”) (NASDAQ: PI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Impinj announced on August 2, 2018, that the Company was delaying the release of its second quarter financial results. The Company also disclosed that its Audit Committee was undertaking an independent investigation based on a complaint from a former employee. Impinj indicated that it had contacted the SEC to advise it of the independent investigation. Based on this news, shares of Impinj fell by nearly 14% on August 3, 2018.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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