Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares of Identiv, Inc. (NASDAQ CM: INVE)?
  • Did you purchase your shares between November 7, 2013 and November 23, 2015, inclusive?
  • Did you lose money in your investment?

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities that purchased the common stock of Identiv, Inc. (“Identiv” or the “Company”) (NASDAQ CM: INVE) between November 7, 2013 and November 23, 2015, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of Identiv during the Class Period, or purchased shares prior to the Class Period and still hold Identiv, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com; or at: http://rigrodskylong.com/investigations/identiv-inc-inve.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on November 30, 2015, the Company announced that its independent public accounting firm resigned and that the accounting firm was unwilling to be associated with the consolidated financial statements prepared by management for the 2015 fiscal periods. Further, it was revealed that the accounting firm would not complete its reviews of the interim financial information as of or for the periods ended March 31, 2015, June 30, 2015 or September 30, 2015, and also would not audit the Company’s consolidated financial statements as of and for the year ending December 31, 2015 because of a disagreement between the Company’s Audit Committee and the accounting firm.

On this news, shares of Identiv dropped over 15%, closing at $2.49 per share on December 1, 2015, on heavy trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than February 5, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

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