NEW YORK, NY / ACCESSWIRE / December 1, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Identiv, Inc. ("Identiv" or the "Company") (NASDAQ: INVE). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Identiv and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On November 30, 2015, post-market, Identiv disclosed to the SEC that BDO USA, LLP has resigned as the Company's independent public accounting firm and has informed Identiv that BDO is unwilling to be associated with the consolidated financial statements prepared by the Company's management for any of the fiscal periods within 2015. Specifically, BDO disagrees with the scope and the remediation of a special committee investigation by Identiv into accounting issues and has found material weaknesses in Identiv's internal control over financial reporting.
On this news, shares of Identiv fell $0.46, or 15.59%, to close at $2.49 on December 1, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP