Bronstein, Gewirtz & Grossman, LLC Announces Investigation of InnerWorkings Inc.
NEW YORK, May 7, 2013 /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 -News). The investigation focuses on whether the Company and its executives violated federal securities laws.
On April 16, 2013 InnerWorkings announced its revised full year guidance and previewed first quarter 2013 results. Shares of InnerWorkings declined from $14.03 per share on April 16, 2013 to $10.50 per share in April 17, 2013. Then on April 30, 2013, Prescience Point Research Group, published a report on InnerWorkings alleging that shares of the Company are grossly overvalued because it believes the Company is inflating its revenue in violation of GAAP principles by misapplying gross revenue accounting, placing it in violation of its credit agreement.
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 of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. 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 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC