World News: 19:00 GMT Friday 10th August 2018. [Wolf Haldenstein Adler Freeman & Herz LLP via Globe Newswire via SPi World News]
NEW YORK, Aug. 10, 2018 (GLOBE NEWSWIRE) -- announces that a securities fraud class action lawsuit has been filed against Impinj, Inc. (NASDAQ: PI) ("Impinj" or “Company”) on behalf of purchasers of Impinj securities between May 7, 2018 and August 2, 2018, inclusive (the "Class Period"), in the United States District Court for the Central District of California.
If you have incurred losses in the shares of you may, , request that the Court appoint you lead plaintiff of the proposed class. Please contact to learn more about your rights as an investor in
Impinj, Inc. provides radio-frequency identification solutions for identifying, locating, and authenticating items. The Company offers radio chips, gateways, readers and antennas, and software. Impinj serves customers worldwide.
The filed complaint alleges that on August 2, 2018, Impinj announced that it was delaying the release of its second quarter 2018 results. The company also disclosed that its Audit Committee commenced an independent investigation in connection with a complaint filed by a former employee, and that Impinj contacted the SEC to advise the SEC of the independent investigation. Impinj further disclosed that it would to file its Form 10-Q until after the Audit Committee completed its investigation.
Following this news, Impinj's share price fell $3.02 per share, or 13.7%, to close at $18.97 per share on August 3, 2018, on unusually heavy trading volume.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact by telephone at (800) 575-0735, via e-mail at , or visit our website at
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Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: , or Tel: (800) 575-0735 or (212) 545-4774
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Globe Newswire: 19:00 GMT Friday 10th August 2018
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