Market Overview

Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Impinj, Inc. Investors


Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased Impinj, Inc. ("Impinj"
or the "Company") (NASDAQ: PI)
securities between May 7, 2018 and August 2, 2018, inclusive
(the "Class Period"). Impinj investors have until October 8,
to file a lead plaintiff motion.

Investors that suffered losses on their Impinj investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to

On August 2, 2018, Impinj announced that it was delaying the release of
its second quarter 2018 results. The Company further disclosed that its
Audit Committee commenced an independent investigation in connection
with a complaint filed by a former employee, and that Impinj contacted
the Securities and Exchange Commission ("SEC") to advise the SEC of the
independent investigation. On 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
unusually heavy trading volume.

The complaint filed in this class action alleges that, throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company's business, operations, and prospects. Specifically,
Defendants failed to disclose: (1) that the Company had engaged in
conduct that could lead to an employee complaint and/or Audit Committee
investigation; (2) that the Company lacked adequate internal and
financial controls; and (3) that, as a result of the foregoing,
Defendants' statements about Impinj's business, operations, and
prospects, were materially false and/or misleading and/or lacked a
reasonable basis.

If you purchased shares of Impinj during the Class Period, have
information or would like to learn more about these claims, or 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,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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