NEW YORK, April 3, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a global investor rights firm, reminds purchasers of the common stock of Inogen, Inc. (Nasdaq: INGN ) between November 12, 2014 through March 11, 2015 of the important May 12, 2015 lead plaintiff deadline.
To join the Inogen class action, visit the firm's website at http://www.rosenlegal.com/cases-547.html , or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. The case is pending in the U.S. District Court for the Central District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, the Company made false and/or misleading statements about the accuracy of Inogen's financial statements and the effectiveness of Inogen's disclosure controls and procedures. Furthermore, Inogen failed to disclose material weaknesses in its internal controls over financial reporting.
On March 11, 2015, the Company announced that management discovered potential accounting matters during the first quarter of 2015. This discovery prompted the Audit Committee, with the assistance of independent advisors, to investigate whether any of the Company's accounting policies were violated stemming from these potential accounting matters. On this news, shares of Inogen fell $4.24 per share or over 11% to close at $33.10 per share on March 12, 2015, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than May 12, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-547.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com .
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 www.rosenlegal.com
