The Rosen Law Firm, a global investor rights law firm, announces that it
has filed a class action lawsuit on behalf of purchasers of IDI, Inc.
(NYSE:IDI) securities from April 30, 2015 through July 21, 2015, all
dates inclusive (the “Class Period”). The lawsuit seeks to recover
damages for IDI investors under the federal securities laws.
To join the IDI class action, go to the website at http://www.rosenlegal.com/cases-672.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653
or email pkim@rosenlegal.com or kchan@rosenlegal.com
for information on the class action. The lawsuit is pending in U.S.
District Court for the Southern District of Florida.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants issued
materially false and misleading statements to investors and/or failed to
disclose that: (1) Chairman Michael Brauser was named as a defendant in
multiple civil fraud litigation; (2) Chairman Michael Brauser was
co-owner of a company that filed for bankruptcy and was sued as an
adversary in that bankruptcy proceeding; and (3) IDI’s Transunion
lawsuit could render IDI’s stock worthless. When the true details
entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than September 21,
2015. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-672.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law
Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
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