An investigation on behalf of current long term investors in Inogen Inc (NASDAQ: INGN) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/13/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Inogen Inc.
Investors who are current long term investors in Inogen Inc (NASDAQ: INGN) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: INGN stocks follows a lawsuit filed against Inogen Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: INGN stocks, concerns whether certain Inogen directors are liable in connection with the allegations made in that lawsuit.
On March 6, 2019, a lawsuit was filed against Inogen Inc (NASDAQ: INGN) over alleged violations of Federal Securities Laws. The plaintiff claims that between November 8, 2017 and February 26, 2019, the defendants failed to disclose that Inogen had overstated the true size of the total addressable market ("TAM") for its portable oxygen concentrators and had misstated the basis for its calculation of the TAM, that Inogen had falsely attributed its sales growth to the strong sales acumen of its salesforce, when in reality it was due in large part to sales tactics designed to deceive its elderly customer base, that the growth in Inogen's domestic business-to-business sales to home medical equipment ("HME") providers was inflated, unsustainable and was eroding direct-to-consumer sales, and that very little of Inogen's business was actually coming from the more stable Medicare market.
Those who purchased shares of Inogen Inc (NASDAQ: INGN) have certain options and should contact the Shareholders Foundation.
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