WEST HARTFORD, CT--(Marketwire - Nov 9, 2012) - The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in San Mateo Superior Court on behalf of persons who purchased or otherwise acquired the common stock of Envivio, Inc. (NASDAQ: [ ENVI ]) pursuant and/or traceable to the company's Registration Statement and Prospectus issued in connection with the company's IPO. The Complaint alleges that, within a few months following the offering, the price of Envivio stock fell approximately 75% as a result of disclosures suggesting that the offering documents misrepresented and failed to disclose material information about the business and financial condition of the Company.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: [ www.izardnobel.com/envivio/ ], or contact Izard Nobel LLP toll-free: (800)797-5499, or by e-mail: [ firm@izardnobel.com ]. For more information about class action cases in general, please visit our website: [ www.izardnobel.com ].