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Investor Class Action Filed Against Impinj, Inc. for Securities Fraud Violations

Notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired Impinj, Inc. (“Impinj”) (Nasdaq: PI) securities between November 3, 2016 and August 2, 2018, inclusive (the “Class Period”).

Impinj investors may receive additional information about the case by clicking the link "Submit Your Information" above.

According to the complaint, Impinj claims that it is working to deliver a platform that powers item-to-cloud connectivity, enabling developers to innovate Internet-of-Things, or IoT, applications.

The complaint alleges that on August 2, 2018, Impinj announced that it was delaying the release of its second quarter 2018 results. The company also disclosed that its Audit Committee commenced an independent investigation in connection with a complaint filed by a former employee, and that Impinj contacted the SEC to advise the SEC of the independent investigation. Impinj further disclosed that it would “not be in a position” to file its Form 10-Q until after the Audit Committee completed its investigation.

Following this news, Impinj’s share price fell $3.02 per share, or 13.7%, to close at $18.97 per share on August 3, 2018, on heavy trading volume.

The complaint alleges that during the Class Period, the defendants failed to disclose that: (1) the company had engaged in conduct that could lead to an employee complaint and/or Audit Committee investigation; (2) the company lacked adequate internal and financial controls; and (3) as a result of the foregoing, the defendants’ statements about Impinj’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

If you are a member of the class described above, you may no later than October 9, 2018  move the Court to serve as lead plaintiff of the class, if you so choose.

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.

Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter.  If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form relating to your transactions for Impinj, Inc. (Nasdaq: PI) securities between November 3, 2016 and August 2, 2018, inclusive (the “Class Period”).  

Once completed, please click the orange “Submit Your Information” button at the bottom of this page. You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 888.299.7706, or you may submit your information via email at info@ktmc.com.

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# of Shares
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Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
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Did you purchase shares of Impinj, Inc. prior to the Class Period?
Are you a current or former employee of Impinj, Inc.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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