NEW YORK, Feb. 20, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Innerworkings, Inc. ("Innerworkings" or the "Company") (NASDAQ: INWK), concerning whether the board has breached its fiduciary duties to shareholders.
In May of 2013, media reports suggested that the Company's internal controls over accounting could be inadequate.
On February 18, 2014, the Company disclosed that its financial statements from the fourth quarter of 2011 through the third quarter 2013 should no longer be relied upon and will need to be restated. The restatement regards the artificial inflation of certain results to meet earn-out targets and achieve incentive compensation benchmarks.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Innerworkings shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP