IDI INVESTOR ALERT: Investigation of IDI, Inc. Announced by The Law Offices of Howard G. Smith
July 30 2015 - 11:41AM
Business Wire
Law Offices of Howard G. Smith announces an investigation on
behalf of investors of IDI, Inc. (“IDI” or the “Company”) (NYSE
MKT: IDI). The investigation focuses on whether the Company and its
officers violated securities laws by issuing misleading information
to investors. Law Offices of Howard G. Smith is preparing a lawsuit
to recover damages on behalf of IDI investors.
According to a report published by seekingalpha on July 21,
2015, IDI failed to disclose that Chairman Michael Brauser has a
“long track record of fraud lawsuits, bankruptcy and shareholder
wipeouts,” including suits by Equifax accusing him of “fictitious
receivables” and by Softbank accusing him of “various frauds.” The
seekingalpha report further alleges that the Company is engaged in
a potentially crippling civil action with Transunion that could
render IDI stock worthless. On this news, shares of IDI fell by
over 45% thereby damaging investors.
If you purchased or otherwise acquired IDI shares prior to July
21, 2015 and have suffered a loss of over $50,000, have information
or would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150730006163/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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