LOS ANGELES, CA / ACCESSWIRE / April 4, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Invuity, Inc. ("Invuity" or the "Company") (IVTY) concerning possible violations of federal securities laws between July 19, 2016 and November 3, 2016, inclusive (the "Class Period"). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm prior to the April 28, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The Complaint alleges that throughout the Class Period, Invuity issued materially false and/or misleading statements about its operations and results, and misrepresented its ability to sustain its average revenue per account. After close on November 3, 2016, Invuity revealed its financial results for its third quarter of 2016, lowering its guidance and noting a drop in average revenue per account. When this news was announced, Invuity's stock price dropped, causing investors harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
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SOURCE: Lundin Law PC