Law
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Identiv, Inc. (“Identiv” or
the “Company”) (NASDAQ: INVE) concerning the Company’s and its officers’
possible violations of federal securities laws. The Law Offices of
Howard G. Smith is preparing a class action to recover damages on behalf
of injured Identiv shareholders.
Identiv operates as a security technology company that provides
solutions in the premises, information, and everyday items. On May 4,
2015, the Company issued a press
release announcing the need to delay the filing of its 10-K. The
Company explained that, “[Identiv] has been served with a complaint (the
"Complaint") from a former employee alleging, among other things,
certain expense reimbursement issues with respect to certain executive
officers and certain other employees of the Company. The Board of
Directors of the Company has formed a special committee (the
"Committee") to investigate the allegations contained in the Complaint
and related matters with the assistance of independent counsel.” The
complaint filed by a former employee of Identiv alleges that Identiv
CEO, Jason Hart, used the Company’s funds to pay for personal expenses.
On this news, the Company’s shares declined sharply, thereby damaging
shareholders.
If you purchased shares of Identiv prior to May 4, 2015, have
information or would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire, of
Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888)
638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2015