Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Inogen, Inc.
Oklahoma City, OK (May 4, 2015) – On March 13, 2015, a securities class action lawsuit was filed in the United States District Court for the Central District of California against Inogen, Inc. (NASDAQ: INGN). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is Novembe 12, 2014 through March 11, 2015. More specifically, this litigation was filed because on March 11, 2015, the Company issued a press release stating that during the first quarter of 2015, certain potential accounting matters were discovered by management, prompting the Audit Committee to commence an internal investigation into "whether there were any violations of the Company's accounting policies...". On this news, the Company’s shares declined to close at $33.10 on March 12, 2015.
Plaintiff seeks to recover damages on behalf of all Inogen, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Tuesday, May 12, 2015 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
To join this class action, click here to obtain an investor certification. Once complete, please email this form to email@example.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN: Robin.
Posted on Mon, May 4, 2015
by Robin Hester filed under