Robbins LLP Is Investigating the Officers and Directors of Identiv, Inc. (INVE) on Behalf of Shareholders
Robbins LLP is investigating whether certain officers and directors of Identiv, Inc. (NASDAQCM: INVE) violated federal securities laws by issuing materially misleading business information to the investing public. Identiv operates as a security technology company that provides solutions in the premises, information, and everyday items.
Identiv Discloses Resignation of its Independent Accounting Firm
On November 30, 2015, Identiv disclosed in its 8-K filing with the U.S. Securities and Exchange Commission (“SEC”) that its independent accounting firm, BDO USA, LLP (“BDO”), had resigned, was unwilling to be associated with the consolidated financial statements for any fiscal periods within 2015, and would not complete its reviews of the financial information for the periods ended March 31, 2015, June 30, 2015, or September 30, 2015. BDO’s resignation was reportedly over two material weaknesses in the company’s internal controls related to the company’s entity level controls and revenue recognition. On this news, Identiv stock fell $0.46 per share, or 15.59%, to close at $2.49 on December 1, 2015.
Identiv Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.