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InfuSystem Holdings, Inc. (INFU)

NYSE MKT: INFU

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In InfuSystem Holdings, Inc. To Contact The Firm Before Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in InfuSystem Holdings, Inc. (“InfuSystem” or the “Company”) (NYSE:INFU) of the January 9, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased InfuSystem stock or options between May 12, 2015 and November 7, 2016 (the “Class Period”).  The case, Lechner v. InfuSystem Holdings, Inc. et al, No.16-cv-08295 was filed on November 8, 2016.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to maintain effective internal control over financial reporting and by releasing misguided financial statements.

Specifically, on November 7, 2016, the Company filed a Form 8-K with the Securities and Exchange Commission stating that the Company’s audited financial statements for the fiscal year ended December 31, 2015, and the Company’s unaudited financial statements for each of the fiscal quarters ended March 31, 2015 through June 30, 2016, should no longer be relied upon.  The Company claimed that these statements contained an overstatement of estimated accounts receivable collections which in turn overstated revenues.

On this news, InfuSystem’s share price fell from $2.60 per share on November 4, 2016 to a closing price of $1.60 on November 7, 2016—a $1.00 or a 38.5% drop.

Take Action

If you invested in InfuSystem stock or options between May 12, 2015 and November 7, 2016 and would like to discuss your legal rights, please fill out the form below. 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.  Faruqi & Faruqi, LLP also encourages anyone with information regarding InfuSystem’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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:
    InfuSystem Holdings, Inc. (INFU)
  •    

* 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:

  • 11/08/2016

Send Information

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