Key Developments: Envivio Inc (ENVI.OQ)

ENVI.OQ on NASDAQ Stock Exchange Global Select Market

2.76USD
17 Apr 2014
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$0.02 (+0.73%)
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Latest Key Developments (Source: Significant Developments)

Scott+Scott, Attorneys at Law, LLP files securities class action lawsuit against Envivio, Inc
Tuesday, 25 Mar 2014 05:32pm EDT 

Scott+Scott, Attorneys at Law, LLP:Filed a class action complaint against Envivio, Inc in the U.S. District Court for the Northern District of California.Says complaint was filed on behalf of persons and entities who purchased or otherwise acquired Envivio securities between April 25, 2012 and Sep. 6, 2012 and seeks remedies under the Securities Exchange Act of 1934.Class action complaint alleges that during the Class Period Envivio and certain of its executive officers failed to disclose material information regarding the Company's revenue growth.  Full Article

Rosen Law Firm, P.A. announces securities class action against Envivio, Inc
Tuesday, 11 Mar 2014 01:17pm EDT 

Rosen Law Firm, P.A:Announced a class action has been filed on behalf of purchasers of Envivio, Inc securities between April 25, 2012 and Sep. 6, 2012, inclusive for violations of the federal securities laws.According to the suit, Defendants issued materially false and misleading statements or failed to disclose that the company misstated: its historical revenue growth, and the revenue from its Americas segment.  Full Article

Envivio Inc Announces Terry Kramer As Chairman
Wednesday, 2 Oct 2013 08:00am EDT 

Envivio Inc announced that Terry D. Kramer has been appointed Chairman of Envivio's board of directors.  Full Article

Cohen Milstein Sellers & Toll PLLC Announces Investigation Of Envivio Inc
Tuesday, 22 Jan 2013 04:32pm EST 

Cohen Milstein Sellers & Toll PLLC announced that it is conducting an investigation to determine whether Envivio, Inc. (Envivio or the Company) and certain of its officers and directors violated Sections 11 and 15 of the Securities Act of 1933. The first of several class action lawsuits was filed in the U.S. District Court for the Northern District of California by another law firm on behalf of all persons or entities that purchased or otherwise acquired the common stock of Envivio, Inc. pursuant or traceable to the Company's initial public offering on or after April 24, 2012 (IPO). Envivio sold 7.75 million shares in the IPO priced at $9.00 per share. The complaints allege that the Registration Statement failed to disclose that: (1) due to budgetary constraints Envivio`s largest customers were not increasing their demand for Envivio`s services to the extent represented; (2) Envivio was experiencing an extensive lengthening in its sales cycle for closing new business; (3) Envivio was having trouble maintaining a competitive advantage and was losing deals to rival video processing technologies; and (4) Envivio`s past revenue results were not indicative of its future operations as the Company`s business was not growing as fast as represented, particularly in North America and Western Europe.  Full Article

Harwood Feffer LLP Announces Investigation Of Envivio Inc
Tuesday, 15 Jan 2013 02:30pm EST 

Harwood Feffer LLP announced that it is investigating potential claims against the board of directors of Envivio Inc ("Envivio" or the "Company") , concerning whether the board has breached its fiduciary duties to shareholders. Investigation concerns whether the Envivio board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.  Full Article

Newman Ferrara LLP Announces Securities Fraud Class Action Lawsuit Has Been Filed Against Envivio Inc
Tuesday, 15 Jan 2013 12:11pm EST 

Newman Ferrara LLP announced that a class action lawsuit has been filed on behalf of purchasers of Envivio Inc (Envivio) common stock against Envivio and certain of its executive officers, alleging violations of federal securities laws. The Complaint alleges that Envivio issued a false and misleading Registration Statement and Prospectus in connection with its IPO. Specifically, the Complaint alleges that Envivio and certain of its executive officers failed to disclose that a significant number of Envivio`s customers were delaying capital spending in the multi-screen video industry due to budgetary constraints and that Envivio was experiencing a severe lengthening in its sales cycle for new business because it was taking significantly more time for Envivio to complete certain business transactions.  Full Article

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Envivio Inc
Saturday, 12 Jan 2013 05:25am EST 

Glancy Binkow & Goldberg LLP announced that class actions are pending in the United States District Court for the Northern District of California on behalf of purchasers of Envivio Inc common stock pursuant or traceable to the Company's allegedly false and misleading Registration Statement and Prospectus issued in connection with its April 24, 2012 initial public offering (IPO), seeking to pursue remedies under the Securities Act of 1933 (1933 Act).  Full Article

Law Office of Brodsky & Smith, LLC Announces Investigation Of Envivio Inc
Wednesday, 9 Jan 2013 06:30pm EST 

Law office of Brodsky & Smith, LLC announced that it is investigating Envivio Inc for an allegedly false and misleading Registration Statement issued in connection with its April 24, 2012 initial public offering (IPO). On August 13, 2012 , the Company issued a press release announcing that it expected revenues in the range of $10-$11 million as opposed to its previously issued guidance of $17-$18 million for the quarter ending July 31, 2012 . On this news, Envivio's stock declined more than 56%, which represents a decline of more than 72% since the IPO. A class action lawsuit commenced in the United States District Court for the Northern District of California alleges that the Registration Statement and Prospectus for the IPO failed to advise that Envivio's largest customers were not increasing their demand for Envivio's services, Envivio was losing deals to Harmonic Inc's video processing technologies, the Company was experiencing a severe lengthening in its sales cycle, and its business was not growing as fast as represented.  Full Article

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Envivio Inc
Tuesday, 8 Jan 2013 08:09pm EST 

Glancy Binkow & Goldberg LLP announced that class actions are pending in the United States District Court for the Northern District of California on behalf of purchasers of Envivio Inc common stock pursuant or traceable to the Company`s allegedly false and misleading Registration Statement and Prospectus issued in connection with its April 24, 2012 initial public offering (IPO), seeking to pursue remedies under the Securities Act of 1933 ("933 Act).  Full Article

Gainey & McKenna Announces Filing Of Securities Fraud Class Action Lawsuit Against Envivio Inc
Wednesday, 2 Jan 2013 07:00pm EST 

Gainey & McKenna announced that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of purchasers of Envivio Inc common stock pursuant or traceable to the Company's allegedly false and misleading Registration Statement and Prospectus issued in connection with its April 24, 2012 initial public offering (IPO), seeking to pursue remedies under the Securities Act of 1933 (1933 Act). The Complaint alleges that in the registration statement for the IPO Envivio failed to disclose that due to budgetary constraints, a significant number of its customers were already delaying capital spending in the multi-screen video industry, and that the sales cycle for new business was lengthening for the Company since it was taking significantly more time for it to complete business transactions. The Complaint alleges that when this adverse information became known, the value of the Company's stock lost more than half of its value.  Full Article

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