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Robbins Arroyo LLP: Impinj, Inc. (PI) Misled Shareholders According to a Class Action

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Shareholder rights law firm Robbins
Arroyo LLP
announces that purchasers of Impinj, Inc. (NASDAQ:PI)
have filed a class action complaint against the company's officers and
directors for alleged violations of the Securities Exchange Act of 1934
between May 7, 2018 and August 2, 2018. Impinj operates a platform that
enables wireless connectivity to everyday items by delivering each
item's unique identity, location, and authenticity to business and
consumer applications.

View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/impinj-inc-pi/

Impinj Accused of Implementing Inadequate Financial Controls

According to the complaint, Impinj told investors in a public filing
that it believed the company was "on track to make the first half of
2018 the turning point for our business." To the contrary, Impinj had
engaged in conduct that led to an investigation by its Audit Committee.
On August 2, 2018, Impinj revealed that it would not be able to file its
Form 10-Q on time because the company was investigating a complaint
filed by a former employee. On this news, Impinj's stock fell nearly 14%
to close at $18.97 per share on August 3, 2018.

Impinj Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003, LKandinov@robbinsarroyo.com,
or via the shareholder
information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Sign up for our FREE
portfolio monitoring service, Stock
Watch
.

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