NEW YORK, March 3, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC announces that a securities class action has been filed in the United States District Court for the Northern District of California on behalf of those who purchased shares of Envivio, Inc. ("Envivio" or the "Company") (NasdaqGS: ENVI ), during the period between April 25, 2012 and September 6, 2012, inclusive (the "Class Period").
The complaint charges Envivio and certain of its executives with violations of federal securities laws. According to the lawsuit, Envivio issued materially false and misleading statements about its true financial condition. Specifically, the Complaint alleges that during the Class Period, the Company misrepresented (i) the Company's historical revenue growth and (ii) the revenue from the Company's Americas segment. The Complaint alleges that when this adverse information became known, the Company's stock lost more than half of its value.
Plaintiff seeks to recover damages on behalf of all Envivio shareholders who purchased common stock during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman 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 and telephone number. April 29, 2014 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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 Eitan Kimelman 212-697-6484
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