|By PR Newswire||
|February 20, 2014 11:15 AM EST||
NEW YORK, Feb. 20, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of InnerWorkings, Inc. ("InnerWorkings" or the "Company") (NasdaqGS: INWK). Such investors are advised to contact Peretz Bronstein or his investor Relation's coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether InnerWorkings and certain of its officers and/or directors have violated federal securities laws. On February 18, 2014, InnerWorkings announced that previously issued financial statements for the fourth quarter and the year ended December 31, 2011 through the third quarter of 2013 should no longer be relied up and would be restated. According to a Company-issued press release, "the Company concluded that the former owner of Productions Graphics artificially inflated results to meet earn-out targets and induce the Company to make earn-out payments relating to the Productions Graphics acquisition." Previously, on November 6, 2013, the Company disclosed that the performance of Productions Graphics in Europe had contributed to lower profitability for the third quarter of 2013, and as a result the Company had "installed new leadership" in Europe. On this news, shares of InnerWorkings fell $3.85 per share, or by approximately 41%, to close at $5.64 on November 7, 2013.
If you are aware of any facts relating to this investigation, or purchased shares of InnerWorkings, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC