LOS ANGELES--(EON: Enhanced Online News)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Inovalon Holdings Inc. (“Inovalon” or the “Company”) (Nasdaq: INOV) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at firstname.lastname@example.org.
On December 12, 2016, Inovalon stated it was unable to finalize a $40 million transaction and because of this, the company had revised its 2016 guidance to $426 million in revenue, contrasted against an expected $490 million. Analyst Piper Jaffray found “lack of adequate disclosure” was a core problem for Inovalon. When this information was released to the public, the value of Inovalon dropped, causing investors severe harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.