NEW YORK, Dec. 14, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities Inovalon Holdings, Inc. ("Inovalon" or the "Company") (NASDAQ: INOV). Such investors can obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/inov.
The investigation concerns whether Inovalon and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On December 12, 2016 Inovalon revealed that it had botched a $40 million transaction and as a result the Company revised its 2016 full year guidance from $490 million at the high end to $426 million in revenue down. Following this news an analyst commented that one of Inovalon's main problems is a "lack of adequate disclosure. Following this news, Inovalon stock dropped over 36% during intraday trading on December 13, 2016.
If you are aware of any facts relating to this investigation, or purchased Inovalon shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/inov. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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 or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-inovalon-holdings-inc-inov-300378137.html
SOURCE Bronstein, Gewirtz & Grossman, LLC