IZEA, Inc. Securities Litigation

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Lawsuit Overview

Defendant:IZEA Inc.
Date Filed:April 4th, 2018
Settlement Website: http://www.izeasecuritiessettlement.com/
Settlement Deadline:August 19th, 2019

According to the Complaint, IZEA operates online marketplaces that facilitate transactions between marketers and content creators.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) IZEA was misreporting revenue from the Company's Content Workflow services as gross amounts billed to marketers instead of on a net transaction basis; (2) the amount IZEA previously reported as gross profit on Content Workflow should be the amount reported as revenue; (3) IZEA lacked adequate internal controls; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

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First Identified Complaint

Julian Perez, et al. v. Izea, Inc., et al.

Date Filed:April 4th, 2018
Class Period Start:May 15th, 2015
Class Period End:April 3rd, 2018
First Identified Complaint Filings
#Document TitleFiling Date