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Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of InnerWorkings, Inc.BENSALEM, Pa. --(Business Wire)-- Law 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 [email protected], or visit our website at www.howardsmithlaw.com. |
