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INC Research Holdings, Inc. (INCR)

NASDAQ:INCR

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In INC Research Holdings, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in INC Research Holdings, Inc. (“INC” or the “Company”) (NASDAQ:INCR) of the January 30, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in INC Research Holdings, Inc. stock or options between May 10, 2017 and November 9, 2017 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased INC securities between May 10, 2017 and November 9, 2017 (the “Class Period”).  The case, Bermudez v. INC Research Holdings, Inc. et al., No. 1:17-cv-09457 was filed on December 1, 2017, and has been assigned to Judge Paul G. Gardephe.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the Company’s merger with inVentiv Health Inc. (“inVentiv’) was not providing the benefit that the Company stated it would; (2) inVentiv was underperforming; and (3) as a result, the Company’s 2017 financial performance would be negatively impacted.

Specifically, on November 9, 2017, INC announced Q3 2017 results that fell significantly below investors’ expectations. The Company reported a net loss from operations for the quarter of $88.9 million, which the Company stated was impacted by expenses relating to its merger with inVentiv. In particular, INC reported merger-related transaction expenses of $84.3 million, an impairment charge of $30 million, and an increase in amortization expense of $41.9 million relating to the merger.

Following the announcement, INC’s share price fell from $57.50 per share on November 8, 2017 to a closing price of $41.15 on November 9, 2017—a $16.35 or a 28.43% drop.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    INC Research Holdings, Inc. (INCR)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 12/04/2017

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