Rosen Law Firm Files Class Action Against Envivio, Inc. and Announces
Important Investor Deadline -- ENVI
NEW YORK, Dec. 20, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces it
has filed a class action against Envivio, Inc. (Nasdaq:ENVI) alleging that
Envivio misled investors in connection with the Company's initial public
offering that occurred on or after April 24, 2012.
To join the Envivio class action, visit the firm's website at
http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at 866-767-3653;
you may also email firstname.lastname@example.org for information on the class action.
The lawsuit is pending the U.S. District Court for the Northern District of
If you wish to serve as lead plaintiff, you must move the Court no later than
February 18, 2013. A lead plaintiff is a representative party acting on behalf
of other class members in directing the litigation.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY
CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The Complaint alleges that in the registration statement for the IPO Envivio
failed to disclose that due to budgetary constraints, a significant number of
its customers were already delaying capital spending in the multi-screen video
industry, and that the sales cycle for new business was lengthening for the
Company since it was taking significantly more time for it to complete
business transactions. The Complaint alleges that when this adverse
information became known, the value of the Company's stock lost more than half
of its value.
If you purchased Envivio stock after April 24, 2012, you may join the class
action to recover your investment losses. To join the class action, please
visit the website at http://rosenlegal.com.You may also contact Phillip Kim,
Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 562-8616
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
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