|[February 19, 2014]
Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of InnerWorkings, Inc.
BENSALEM, Pa. --(Business Wire)--
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of InnerWorkings, Inc.
("InnerWorkings" or the "Company") (NASDAQ:INWK) concerning possible
violations of federal securities laws. The investigation focuses on
certain statements issued by the Company concerning InnerWorkings'
operations and financial performance.
InnerWorkings provides print management and promotional solutions to
corporate clients in the United States and internationally. In October
2011, the Company acquired Productions Graphics -- a print mnagement
firm focused on continental Europe. The investigation is related to the
Company's February 18, 2014, announcement that InnerWorkings' previously
issued financial statements for the fourth quarter and the year ended
December 31, 2011 through the third quarter of 2013 would be restated.
According to a Company-issued press release, "the Company concluded that
the former owner of Productions Graphics artificially inflated results
to meet earn-out targets and induce the Company to make earn-out
payments relating to the Productions Graphics acquisition." Previously,
on November 6, 2013, the Company disclosed that the performance of
Productions Graphics in Europe had contributed to lower profitability
for the third quarter of 2013, and as a result the Company had
"installed new leadership" in Europe.
If you purchased InnerWorkings shares, if you have information or would
like to learn more about these claims, or if you 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 firstname.lastname@example.org,
or visit our website at www.howardsmithlaw.com.
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