logo
Share SHARE
FONT-SIZE Plus   Neg

Faruqi & Faruqi Is Investigating Potential Securities Fraud At Envivio

National securities law firm Faruqi & Faruqi, LLP said it is investigating potential securities fraud at Envivio, Inc. (ENVI).

According to the law firm, the investigation focuses on whether the company and its executives violated federal securities laws by failing to disclose that: (1) Envivio's largest customers did not view the company's services as a priority and were uninterested in increasing their demand for Envivio services to the extent represented; (2) the company was experiencing lengthening sales cycles for closing new business; (3) the company was struggling to maintain a competitive advantage due to the technologies of its rival, Harmonic Inc.; and (4) considering that the company's business was not growing as quickly as represented, the company's past revenue results were not indicative of Envivio's future financial operations.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
So far this year, 23 novel drugs have already received FDA approval. Now let's take a look at the biotech stocks waiting to hear from the FDA in July. President Donald Trump has continued his assault on one of his favorite targets on Wednesday, lashing out at major media outlets in a series of posts on Twitter. Trump singled out the New York Times and the Washington Post in his tweets, describing the newspapers as "fake news." Christoph, born on-board a Spirit flight destined to Dallas from Fort Lauderdale airport, can celebrate all his forthcoming birthdays in life with a free travel on Spirit airline.
comments powered by Disqus
Follow RTT