IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Inovalon Holdings, Inc. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 29, 2016 / Lundin Law PC (the “Firm”) announces a class action lawsuit has been filed against Inovalon Holdings, Inc. (“Inovalon” or the “Company”) (NASDAQ: INOV) concerning possible violations of federal securities laws in connection with Inovalon’s initial public offering (“IPO”) on February 12, 2015. Investors who purchased or otherwise acquired shares on or about February 12, 2015 should contact the Firm in advance of the August 23, 2016 lead plaintiff motion
deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The complaint alleges that the Company’s Registration Statement issued in connection with its IPO failed to disclose material facts and contained misleading and/or false statements. Inovalon did not disclose that it receives substantial revenues from sales in New York City and New York State, both of which were pushing to obtain more taxes from out-of-state businesses like Inovalon. The corporate tax rate increases were implemented on January 1, 2015 and significantly raised Inovalon’s effective tax rate, and lowered the Company’s 2015 earning potential. When this information was revealed to the market, the Company’s common stock price dropped significantly.

Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 443008