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Deadline on Sept. 17th coming up in Lawsuit for Investors in Ideanomics, Inc. (NASDAQ: IDEX)

08-28-2019 04:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on September 17, 2019. in the lawsuit for certain investors in Ideanomics, Inc. (NASDAQ: IDEX).

A Deadline is coming up on September 17, 2019. in the lawsuit for certain investors in Ideanomics, Inc. (NASDAQ: IDEX).

The Shareholders Foundation announces that a deadline is coming up on September 17, 2019. in the lawsuit filed for certain investors of Ideanomics, Inc. (NASDAQ: IDEX) over alleged securities laws violations by Ideanomics, Inc.

Investors who purchased shares of Ideanomics, Inc. (NASDAQ: IDEX) have certain options and there are strict and short deadlines running. Deadline: September 17, 2019. NASDAQ: IDEX stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Ideanomics, Inc. (NASDAQ: IDEX)) common shares between May 15, 2017 and November 13, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 15, 2017 and November 13, 2018, the defendants failed to disclose to investors that costs associated with building out Ideanomics’ U.S. infrastructure and hiring its new executive team were negatively impacting the Company’s bottom line performance, that as a result, Ideanomics was highly unlikely to meet its 2018 EBITDA guidance, that Ideanomics’ margins in its oil trading and consumer electronics businesses were too low for those businesses to remain viable, and that as a result, Ideanomics’ public statements were materially false and misleading at all relevant times.

Those who purchased shares of Ideanomics, Inc. (NASDAQ: IDEX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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