OAKLAND, Calif., Dec. 23, 2015 /PRNewswire/ -- Block & Leviton, LLP, an investor rights law firm, advises investors of the February 5, 2016 lead plaintiff deadline in the securities fraud class action lawsuit filed against Identiv, Inc. (NASDAQCM: INVE) .
Investors who suffered losses by purchasing Identiv securities between November 7, 2013 and November 23, 2015 should contact Block & Leviton partner Lesley Weaver at email@example.com. Investors have until February 5, 2016 to move the court to act as lead plaintiff.
Identiv is a security technology company based in Fremont, California. On November 30, 2015, Identiv announced that its independent public accounting firm resigned and that the accounting firm was unwilling to be associated with the consolidated financial statements prepared by management for the 2015 fiscal periods. On this news, the price of Identiv common stock fell 15.59%, from a closing share price of $2.95 on November 30, 2015 to $2.49 per share on December 1, 2015 on extremely heavy trading volume.
The complaint alleges that throughout the Class Period, leading up to the resignation of its accounting firm, Identiv misled investors by making false statements regarding the Company's revenue recognition practices, key accounting metrics, and its internal controls.
If you experienced a loss in your investments in Identiv securities between November 7, 2013 and November 23, 2015, and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us. The case is pending in the Northern District of California. Investors have until February 5, 2016 to move the court to act as lead plaintiff.
Whistleblowers: Persons with non-public information regarding Identiv should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Lesley Weaver at (415) 968-8999 or email her at firstname.lastname@example.org.
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