NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights law firm, reminds purchasers of IDI, Inc. (NYSE:IDI) securities from April 30, 2015 through July 21, 2015, all dates inclusive (the “Class Period”) of the important September 21, 2015 lead plaintiff deadline in the class action filed by the firm. 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 firstname.lastname@example.org or email@example.com for information on the class action.
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. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. 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 firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.