Levi & Korsinsky, LLP announces the commencement of a class action lawsuit in the USDC for the Northern District of California on behalf of Invuity, Inc. shareholders who purchased shares between July 19, 2016 and November 3, 2016.
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements about its operations and results and misrepresented its ability to sustain its average revenue per account, which serves as a critical metric for the Company’s growth.
After the markets closed on November 3, 2016, Invuity revealed its financial results for its third quarter of 2016, lowering its guidance and noting a drop in average revenue per account. Following this news, Invuity stock dropped, damaging investors.
If you suffered a loss in Invuity, Inc. you have until April 28, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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