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Invuity Inc (NASDAQ: IVTY) Investor Securities Class Action Lawsuit 02/27/2017

  • If you purchased shares of Invuity Inc (NASDAQ: IVTY), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Invuity, Inc.
Security
NASDAQ: IVTY

Case Name
Invuity Shareholder Class Action Lawsuit 02/27/2017
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Northern District of California

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

November 23, 2020 - The court granted the defendants' motion to dismiss, declining the plaintiffs leave to amend the complaint.

September 12, 2019 - A third amended complaint was filed.

August 12, 2019 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

December 5, 2018 - A motion to dismiss the second amended complaint was filed.

October 16, 2018 - A second amended complaint was filed.

September 26, 2018 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

September 14, 2017 - A motion to dismiss the amended complaint was filed.

July 31, 2017 - An amended complaint was filed.

February 27, 2017 - An investor in shares of Invuity Inc (NASDAQ: IVTY) filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by Invuity Inc in connection with certain allegedly false and misleading statements made between July 19, 2016 and November 3, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Invuity Inc (NASDAQ: IVTY) common shares between July 19, 2016 and November 3, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 19, 2016 and November 3, 2016, Invuity Inc misrepresented its ability to sustain its average revenue per account, which serves as a critical metric for the Company’s growth.

On November 3, 2016, Invuity Inc reported its third quarter financial results and lowered its guidance.

Shares of Invuity Inc (NASDAQ: IVTY) declined from $14.00 per share in September 2016 to $5.10 per share.

On February 27, 2017, NASDAQ: IVTY shares closed at $7.95 per share.