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Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Invuity, Inc. Investors and Encourages Investors to Contact the Firm


Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased Invuity, Inc. (“Invuity” or the “Company”) (NASDAQ: IVTY) securities between July 19, 2016 and November 3, 2016, inclusive (the “Class Period”). Invuity investors have until April 28, 2017 to file a lead plaintiff motion.

Investors suffering losses on their Invuity investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to shareholders@glancylaw.com.

After the markets closed on November 3, 2016, Invuity announced its financial results for the third quarter of 2016 and, citing in part a decline in average revenue per account, the Company lowered its guidance. Invuity’s stock price fell significantly following the news.

The complaint filed in this class action alleges that Invuity issued false and misleading statements about its operations and results. Specifically, during the Class Period, Invuity misrepresented its ability to sustain its average revenue per account, which serves as a critical metric for the Company’s growth.

If you purchased shares of Invuity during the Class Period you may move the Court no later than April 28, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170228006863/en/