SAN DIEGO, April 30, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of Imperva Inc (IMPV) common stock over alleged violations of Federal Securities Laws by Imperva Inc in connection with certain allegedly false and misleading statements.
If you purchased a significant amount of shares of Imperva Inc (IMPV) between May 2, 2013 and April 9, 2014, and/or if you purchased Imperva shares in May 2013 or earlier and currently hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Imperva investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The plaintiff claims that between May 2, 2013 and April 9, 2014 defendants issued materially allegedly false and misleading statements regarding the Company's operations and business and its financial results, that as a result of defendants' statements, Imperva Inc securities traded at allegedly artificially inflated prices between May 2, 2013 and April 9, 2014, with its stock price reaching a high of $65.53 per share on March 6, 2014, and that the Company's top officers and directors were able to sell $25.9 million worth of their Imperva Inc stock at allegedly inflated prices, including $11.8 million worth of stock sold by the Chief Executive Officer and the Chief Financial Officer.
On April 9, 2014, Imperva Inc announced its preliminary first quarter 2014 financial results. Imperva Inc said that it expects to report total revenue for the first quarter of 2014 in the range of $31.0 million to $31.5 million compared to the company's prior guidance of total revenue in the range of $36.0 million to $37.0 million. Shares of Imperva Inc declined from $65.53 per share in early March 2014 to as low as $23.02 per share on April 29, 2014.
The plaintiff seeks to recover damages on behalf of all purchasers of Imperva Inc publicly traded securities between May 2, 2013 and April 9, 2014.
Those who purchased shares of Imperva Inc have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.