Shareholders in Imperva Inc, announced Friday that they have filed a class action against the data security solutions company for violations of the Securities Exchange Act of 1934, Business Wire reports.
According to the complaint, between May 2, 2013 and April 9, 2014, several of Imperva’s officers and directors issued statements concerning the company’s operations and business and its financial results, which were both materially false and misleading. These false statements led to Imperva securities trading at artificially inflated prices.
