The Shuman Law Firm Investigates IZEA Worldwide, Inc.
October 19 2018 - 12:38PM
Business Wire
The Shuman Law Firm announces that it is investigating potential
shareholder claims against certain officers and directors of IZEA
Worldwide, Inc. (“IZEA” or the “Company”) (Nasdaq: IZEA). IZEA
creates and operates online marketplaces that connect marketers and
content creators.
On February 26, 2018 IZEA announced that in connection with the
preparation of the Company’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2017, the Company’s Audit Committee
of the Board of Directors (the “Audit Committee”) determined that
there was an error in accounting for revenue and cost of sales
related to the self-service Content Workflow portion of the
company’s revenue, and that as a result of additional review
procedures necessitated by the accounting adjustments the Company
needed additional time to file its Annual Report on Form 10-K for
the year ended December 31, 2017. Following these events, a class
action lawsuit was filed against the Company and certain of its
senior officers and directors alleging violations of federal
securities laws.
Shares of IZEA fell $0.66 per share, or over 18%, on April 2,
2018, after the announcement that the Company would be late filing
its 10-K, to close at $3.00 per share. The stock price then
continued to fall the following trading day, and dropped another
$0.58 per share, or over 19%, to close at $2.42 per share on April
3, 2018. The stock price has continued to decline and currently
trades at approximately $1.64 per share.
If you currently own IZEA common stock and are interested in
discussing your rights, or have information relating to this
investigation, please contact Kip B. Shuman or Rusty E. Glenn toll
free at (866) 569-4531 or email Mr. Shuman at kip@shumanlawfirm.com
or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in stockholder litigation.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181019005503/en/
The Shuman Law FirmKip B. Shuman, Esq.,
866-569-4531kip@shumanlawfirm.comorRusty E. Glenn, Esq.,
866-569-4531rusty@shumanlawfirm.comorFax:
303-536-7849www.shumanlawfirm.com
IZEA Worldwide (NASDAQ:IZEA)
Historical Stock Chart
From Mar 2024 to Apr 2024
IZEA Worldwide (NASDAQ:IZEA)
Historical Stock Chart
From Apr 2023 to Apr 2024