San Diego, CA — 12/19/2017 — An investor in shares of INC Research Holdings Inc (NASDAQ:INCR) filed a lawsuit over alleged violations of Federal Securities Laws by INC Research Holdings Inc in connection with certain allegedly false and misleading statements.
The plaintiff claims that between May 10, 2017, and November 9, 2017, the Defendants failed to disclose: (1) that the Merger was not providing the benefit that Defendants stated it would; (2) that inVentiv was underperforming; (3) that, as a result, the Company's 2017 financial performance would be negatively impacted; and (4) that, as a result of the foregoing, Defendants' statements about INCR's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On November 9, 2017, INC Research Holdings Inc reported its third quarter 2017 results. INC Research Holdings Inc reported a loss for the three and nine months ended September 30, 2017. INC Research Holdings Inc generated a loss from operations of $88.9 million and $43.9 million, respectively, compared to income from operations of $39.4 million and $111.6 million for the three and nine months ended September 30, 2016. INC Research Holdings Inc stated that the operating results for the three and nine months ended September 30, 2017, was impacted mainly by merger-related transaction expenses. Shares of INC Research Holdings Inc (NASDAQ:INCR) declined to as low as $38.25 per share on November 10, 2017.
Those who purchased shares of INC Research Holdings Inc (NASDAQ:INCR) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
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