ATLANTA, GA – – (August 28, 2018) – – Holzer & Holzer, LLC announces that it has filed a class action lawsuit on behalf of investors who purchased Impinj, Inc. (“Impinj” or the “Company”) (NASDAQ: PI) common stock between May 4, 2017 and August 2, 2018. The lawsuit alleges that Impinj and other defendants made materially false and misleading statements and failed to disclose that: (i) the addition of large customers in 2016 had driven a contraction in Impinj’s ability to fulfill its production obligations, which resulted in lead times between 10 and 12 weeks instead of the normal baseline time range of 4 to 6 weeks; (ii) increased sales of IC endpoints were not indicative of strong demand being driven by increased product adoption, but rather, they were the result of customers purchasing increased inventory to account for extended production lead times; (iii) Impinj lacked adequate accounting and reporting controls; and (iv) as a result of the foregoing, defendants’ statements about the Company’s business metrics, operations, and financial prospects were false and misleading and/or lacked a reasonable basis at the time the statements were made. If you purchased Impinj common stock between May 4, 2017 and August 2, 2018 and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer Esq. at cholzer@holzerlaw.com or Alexandria P. Rankin, Esq. at arankin@holzerlaw.com, or call the firm by toll-free telephone at (888) 508-6832. The deadline to ask the court to be appointed lead plaintiff is October 8, 2018.

Provide Your Information To Take Action

  • Plaintiff Certifies That:
    1. Plaintiff has reviewed the complaint and authorized its filing.
    2. Plaintiff did not acquire the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this private action or any other litigation under the federal securities laws.
    3. Plaintiff is willing to serve as a representative party on behalf of a class, including providing testimony at deposition and trial, if necessary.
    4. Plaintiff represents and warrants that he/she/it is fully authorized to enter into and execute this certification.
    5. Plaintiff will not accept any payment for serving as a representative party on behalf of a class beyond the Plaintiff's pro rata share of any recovery, except such reasonable costs and expenses (including lost wages) directly relating to the representation of the class as ordered or approved by the court.
    6. Plaintiff has made no transaction(s) during the Class Period in the debt or equity securities that are the subject of this action except those set forth below:
  • Date PurchasedNumber of Shares AcquiredAcquisition Price Per Share 
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  • Date SoldNumber of Shares SoldSelling Price Per Share 
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  • Signed pursuant to the Uniform Electronic Transactions act as adopted by the various states and territories of the United States.
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