SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Identiv, Inc.

Jan 08, 2016, 14:05 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Jan. 8, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Identiv, Inc. ("Identiv" or the "Company") (NasdaqCM: INVE -News).  Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at or 212-697-6484.

The investigation concerns whether Identiv and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On November 30, 2015, post-market, Identiv disclosed to the SEC that BDO USA, LLP has resigned as the Company's independent public accounting firm and has informed Identiv that BDO is unwilling to be associated with the consolidated financial statements prepared by the Company's management for any of the fiscal periods within 2015. Specifically, BDO disagrees with the scope and the remediation of a special committee investigation by Identiv into accounting issues and has found material weaknesses in Identiv's internal control over financial reporting.

Following this news, shares of Identiv fell $0.26, or 15.59%, to close at $2.49 on December 1, 2015.

Additionally, on January 8, 2016, a lawsuit was reported filed against former Identiv CEO and c Jason Hart, president, by Ana Ruggerio, a former executive assistant, alleging that: (i) Hart spent company money on personal expenses, parties in Las Vegas, and gifts for a government official; and (ii) Ruggerio was fired in retaliation for raising complaints about Hart's conduct. 

Following this news, Identiv stock fell $0.02, or approximately 1%, to $1.87 during intra-day trading on January 8, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of Identiv, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

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 |


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