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 InnerWorkings, Inc. (“InnerWorkings” or “the Company”) (NASDAQ: INWK) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. InnerWorkings issued a press release on March 16, 2020, quoting the Company’s CFO as stating: “as a result of the material weaknesses previously disclosed, insufficient evidence existed to support the recognition of revenue in arrangements containing bill and hold provisions. Therefore, we deferred the related revenue until product shipped from our warehouse.” Based on this news, shares of InnerWorkings fell by more than 17% on the next day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
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.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200318005545/en/
The Schall Law Firm
Brian Schall, Esq.
Source: The Schall Law Firm
© 2021 Canjex Publishing Ltd. All rights reserved.