|By PR Newswire||
|February 26, 2014 05:06 PM EST||
NEW YORK, Feb. 26, 2014 /PRNewswire/ --
Lifshitz & Miller announces that a class action was filed in the United States District Court for the Northern District of California, alleging Coty, Inc. ("COTY") issued false and misleading statements in connection with the Initial Public Offering ("IPO") by failing to disclose its sales were deteriorating and demand for its products from retailers were declining.
Galena Biopharma, Inc.
Lifshitz & Miller announces that it is investigating potential claims against the officers and board of Galena Biopharma, Inc. ("Galena") (GALE). On February 12, 2014, TheStreet reported that there is evidence linking Galena to a stock-promotions firm encouraging improper stock promotion. Galena insiders have made millions of dollars by selling company stock.
Lifshitz & Miller announces that it is investigating potential claims against the officers and board of InnerWorkings, Inc. ("InnerWorkings") (INWK). On February 18, 2014, InnerWorkings reported that it believes the former owner of Productions Graphics artificially inflated results to meet earn-out targets and induce InnerWorkings to make earn-out payments relating to the Productions Graphics acquisition. As a result, InnerWorkings will restate its prior financial statements in its upcoming 10-K filing.
IPC The Hospitalist Company, Inc.
Lifshitz & Miller announces that it is investigating potential claims against the officers and board of IPC The Hospitalist Company, Inc. (IPCM). On December 9, 2013, the U.S. Department of Justice announced that it has intervened in a lawsuit charging IPCM with fraud in connection with as much as $125 million in revenues obtained from Medicare and Medicaid in violation of the False Claims Act.
Lifshitz & Miller announces that a class action was filed in the United States District Court for the Eastern District of Virginia, alleging that K12, Inc. (LRN) issued false and misleading statements during the period from March 11, 2013 through October 9, 2013 by failing to disclose that the Company had not adequately invested in promotional efforts to enroll new students in fiscal 2014, and that the Company's enrollment centers did not have adequate school-by-school planning tools for incoming student applications.
Lifshitz & Miller is a New York based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.jlclasslaw.com.
ATTORNEY ADVERTISING. © 2014 Lifshitz & Miller. The law firm responsible for this advertisement is Lifshitz & Miller, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516) 493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Joshua M. Lifshitz, Esq.
Lifshitz & Miller
Email: [email protected]
SOURCE Lifshitz & Miller Law Firm