Investigation for Long Term Investors in Shares of InfuSystem Holdings Inc (NYSEMKT:INFU) Announced

An investigation on behalf of current long term investors in InfuSystem Holdings Inc (NYSEMKT:INFU) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSEMKT:INFU stockholders should contact the Shareholders Foundation.San Diego, CA — (SBWIRE) — 04/18/2017 — An investigation on behalf of long-term investors in NYSEMKT:INFU shares was announced concerning potential breaches of fiduciary duties by certain officers of InfuSystem Holdings Inc.

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Investors who are current long term investors in InfuSystem Holdings Inc (NYSEMKT:INFU) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm for current long term investors in NYSEMKT:INFU stocks follows a lawsuit pending against InfuSystem Holdings Inc alleged securities laws violations. The investigation on behalf of current long term investors in NYSEMKT:INFU stocks, concerns whether certain InfuSystem Holdings directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 12, 2015 and November 7, 2016 the defantdants made false and/or misleading statements and/or failed to disclose that InfuSystem Holdings Inc lacked effective internal control over financial reporting, that InfuSystem Holdings Inc’s financial statements dating back to the beginning of 2015 overstated the estimated accounts receivable collections which in turn overstated revenues and pre-tax income by a corresponding amount, that InfuSystem Holdings Inc’s financial statements dating back to the beginning of 2015 could no longer be relied upon, and that as a result of the foregoing, the InfuSystem Holdings Inc’s financial statements were materially false and misleading at all relevant times.

On November 7, 2016, InfuSystem Holdings Inc revealed that “the Company’s audited financial statements for the fiscal year ended December 31, 2015, and the Company’s unaudited financial statements for each of the fiscal quarters ended March 31, 2015 through June 30, 2016 should no longer be relied upon,” citing “an error related to an overstatement of estimated accounts receivable collections which in turn overstated revenues and pre-tax income by a corresponding amount.”

InfuSystem Holdings Inc also said that its “Audit Committee believes that material adjustments to the Financial Statements are required and that the Company will need to restate the Financial Statements.”

On April 17, 2017, NYSEMKT:INFU shares closed at $2.15 per share.

Those who purchased shares of InfuSystem Holdings Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc. Michael Daniels 3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.comFor more information on this press release visit: http://www.sbwire.com/press-releases/investigation-for-long-term-investors-in-shares-of-infusystem-holdings-inc-nysemktinfu-announced-795791.htm

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