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NASDAQ:INGN Shareholder Notice: Deadline on May 6th in Lawsuit Against Inogen Inc Upcoming

Via: ReleaseWire

Updated 12:15 PM CDT, Mon, May 06,2019

A Deadline is coming up on May 6, 2019 in the lawsuit for certain investors in Inogen Inc (NASDAQ: INGN and NASDAQ: INGN stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/06/2019 -- A deadline is coming up on May 6, 2019 in the lawsuit filed for certain investors in NASDAQ: INGN shares over alleged securities laws violations by Inogen Inc .

Investors who purchased shares of Inogen Inc (NASDAQ: INGN) have certain options and there are strict and short deadlines running. Deadline: May 6, 2019. NASDAQ: INGN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Inogen Inc (NASDAQ: INGN) common shares between November 8, 2017 and February 26, 2019, that the defendants violated Federal Securities Laws. More specifically, 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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqingn-shareholder-notice-deadline-on-may-6th-in-lawsuit-against-inogen-inc-upcoming-1211107.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com