IDEX ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of August 27, 2020 in the Class Action Filed on Behalf of Ideanomics, Inc. Limited Shareholders
New York, New York--(Newsfile Corp. - August 6, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Ideanomics, Inc. (NASDAQ: IDEX) alleging that the Company violated federal securities laws.
Class Period: March 20, 2020 and June 25, 2020
Lead Plaintiff Deadline: August 27, 2020
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The filed complaint alleges that Ideanomics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Ideanomics' Mobile Energy Global Division in Qingdao, China (the "MEG Center") was not "a one million square foot EV expo center" as the Company had stated in press releases; (ii) the Company had been using doctored or altered photographs of the purported MEG Center in Qingdao; (iii) the Company's electric vehicle business in China was not performing nearly as strongly as Ideanomics had represented; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Shareholders have until August 27, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the IDEX lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/61276