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Kessler Topaz Meltzer & Check, LLP Announces Investor Securities Fraud Class Action Lawsuit Filed against Impinj, Inc.


The law firm of Kessler Topaz Meltzer & Check, LLP reminds that an
investor securities fraud class action lawsuit has been filed against
Impinj, Inc. (NASDAQ:PI) ("Impinj") on behalf of purchasers of Impinj
securities between May 7, 2018 and August 2, 2018,
inclusive (the "Class Period").

Impinj investors who purchased securities during the Class Period
may, no later than October 9, 2018, seek to
be appointed as a lead plaintiff representative of the class.

Investors who wish to discuss this securities fraud class action or
request additional information about the lawsuit are encouraged to
contact Kessler Topaz Meltzer & Check attorneys James Maro, Jr. or
Adrienne Bell at (888) 299-7706 or online at:

According to the complaint, Impinj claims that it is working to deliver
a platform that powers item-to-cloud connectivity, enabling developers
to innovate Internet-of-Things, or IoT, applications.

The Class Period commences on May 7, 2018, when the company issued a
press release entitled "Impinj Announces First Quarter 2018 Financial

The complaint alleges that on August 2, 2018, Impinj announced that it
was delaying the release of its second quarter 2018 results. The company
also disclosed that its Audit Committee commenced an independent
investigation in connection with a complaint filed by a former employee,
and that Impinj contacted the SEC to advise the SEC of the independent
investigation. Impinj further disclosed that it would "not be in a
position" to file its Form 10-Q until after the Audit Committee
completed its investigation.

Following 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 heavy trading

The complaint alleges that during the Class Period, the defendants
failed to disclose that: (1) the company had engaged in conduct that
could lead to an employee complaint and/or Audit Committee
investigation; (2) the company lacked adequate internal and financial
controls; and (3) as a result of the foregoing, the defendants'
statements about Impinj's business, operations, and prospects, were
materially false and/or misleading and/or lacked a reasonable basis.

Impinj investors may, no later
than October 9, 2018
, seek to be appointed as a lead
plaintiff representative of the class through Kessler Topaz Meltzer &
Check, or other counsel, or may choose to do nothing and remain an
absent class member. A lead plaintiff is a representative party who acts
on behalf of all class members in directing the litigation. In order to
be appointed as a lead plaintiff, the Court must determine that the
class member's claim is typical of the claims of other class members,
and that the class member will adequately represent the class. Your
ability to share in any recovery is not affected by the decision of
whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check prosecutes class actions in state and
federal courts throughout the country involving securities fraud,
breaches of fiduciary duties and other violations of state and federal
law. Kessler Topaz Meltzer & Check is a driving force behind corporate
governance reform, and has recovered billions of dollars on behalf of
institutional and individual investors from the United States and around
the world. The firm represents investors, consumers and whistleblowers
(private citizens who report fraudulent practices against the government
and share in the recovery of government dollars). The complaint in this
action was not filed by Kessler Topaz Meltzer & Check. For more
information about Kessler Topaz Meltzer & Check, please visit

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