Press release
Deadline on August 27, 2020 in Lawsuit coming up for Investors in Ideanomics, Inc. (NASDAQ: IDEX)
A Deadline is coming up on August 27, 2020 in the lawsuit for certain investors in Ideanomics, Inc. (NASDAQ: IDEX).
Investors who purchased shares of Ideanomics, Inc. (NASDAQ: IDEX) have certain options and there are strict and short deadlines running. Deadline: August 27, 2020. 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 March 20, 2020 and June 25, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 20, 2020 and June 25, 2020, the Defendants made false and/or misleading statements and/or failed to disclose that Ideanomics' MEG Center in Qingdao was not "a one million square foot EV expo center", that the Company had been using doctored or altered photographs of the purported MEG Center in Qingdao, that the Company's electric vehicle business in China was not performing nearly as strong as Ideanomics had represented, and that as a result, the Company's 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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