March 07, 2019
A class of Inovalon Holdings Inc. investors told a New York federal court on Wednesday that they have struck a $17 million deal with the technology company that resolves allegations they were misled ahead of its approximately $684 million initial public offering.
September 19, 2018
A New York federal court on Tuesday granted certification to a class of Inovalon Holdings Inc. investors that allege the technology company filed a prospectus ahead of its initial public offering that misled investors regarding the company's revenue stream, while also dismissing some claims on the grounds that the shares were not purchased during the offering.