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Ideanomics, Inc. (NASDAQ: IDEX) Long Term Investor Alert: Investigation of potential Wrongdoing

12-14-2019 02:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Ideanomics, Inc. (NASDAQ: IDEX) shares.

An investigation on behalf of current long term investors in Ideanomics, Inc. (NASDAQ: IDEX) shares.

An investigation on behalf of current long-term investors in shares of Ideanomics, Inc. (NASDAQ: IDEX) concerning potential breaches of fiduciary duties by certain directors and officers of Ideanomics, Inc. was announced.

Investors who are current long term investors in Ideanomics, Inc. (NASDAQ: IDEX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: IDEX stocks follows a lawsuit filed against Ideanomics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: IDEX stocks, concerns whether certain Ideanomics, directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that 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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