Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against InfuSystem Holdings, Inc. (“InfuSystem”) (NYSE: INFU) and several officers and directors for acts taken during the period of May 12, 2015 and November 7, 2016 (the “Class Period”).

Shareholders who suffered a loss during the class period have until January 9, 2017 to seek appointment as lead plaintiff. If you lost more than $50,000 from shares purchased during the class period and wish to take a more proactive role in the litigation, you are urged to contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick Powers at Powers Taylor LLP via email at shareholder@powerstaylor.com, or call toll free at (877) 728-9607. There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants issued false and misleading statements and/or failed to disclose that: (1) InfuSystem lacked effective internal control over financial reporting; (2) its financial statements from back to the beginning of 2015 overstated the estimated accounts receivable collections, which then overstated revenues and pre-tax income by a corresponding amount; (3) that financial statements dating back to the beginning of 2015 could no longer be relied upon; and (4) as a result of the above, InfuSystem’s financial statements were materially false and misleading at all relevant times. InfuSystem stock dropped significantly immediately following this announcement.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161121005991/en/