LOS ANGELES, April 25, 2017 /PRNewswire/ -- Lundin Law PC , a shareholder rights firm, announces a class action lawsuit against Invuity, Inc. ("Invuity" or the "Company") (Nasdaq: IVTY) concerning possible violations of federal securities laws between July 19, 2016 and November 3, 2016 inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the April 28, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The Complaint states that during the Class Period, Invuity issued materially false and/or misleading statements about its operations and results, and misrepresented its ability to sustain its average revenue per account. After close on November 3, 2016, the Company revealed its financial results for its third quarter of 2016, lowering its guidance and noting a drop in average revenue per account. When this news was announced to the public, Invuity's stock price declined materially, which allegedly harmed investors according to the Complaint.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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SOURCE Lundin Law PC