SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Involving
INNERWORKINGS INC. and Its Board of Directors and a Deadline of April 28, 2014
to Seek a Lead Plaintiff Position -- INWK
NEW YORK, March 3, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a
class action lawsuit has been commenced in the USDC for the Northern District
of Illinois on behalf of investors who purchased InnerWorkings, Inc.
("InnerWorkings" or the "Company") (Nasdaq:INWK) common stock between February
15, 2012 and November 6, 2013 (the "Class Period").
Click here to learn more about the action
http://zlk.9nl.com/innerworkings-inwk, or call: 877-363-5972. There is no cost
or obligation to you.
According to the complaint, on April 16, 2013, the Company revised its full
year 2013 guidance due to a reduction of work orders by a large retail client.
The following day, shares of InnerWorkings declined more than 25 percent.
Then, on April 30, 2013, Prescience Point Research Group published an analyst
report alleging that the Company was inflating its revenues by misapplying
gross revenue and net accounting. Then on November 6, 2013, the Company
announced lower than expected earnings per share, primarily due to issues with
its Production Graphics division. Shares in InnerWorkings dropped more than
40% on this news, closing at $5.64 per share on November 7, 2013. Then on
February 18, 2014, the Company announced it would restate its financial
statements for all periods extending to the fourth quarter of 2011 through the
third quarter of 2013.
Shareholders of InnerWorkings have until April 28, 2014 to seek appointment as
lead plaintiff. Your ability to share in any recovery doesn't require that you
serve as a lead plaintiff. To obtain additional information, contact Joseph E.
Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212)
363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut and Washington D.C. The firm's 26 attorneys have extensive
expertise in prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and shareholder
lawsuits. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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