ENCINO, CA / ACCESSWIRE / July 31, 2019 / Video streaming may be the most powerful disruptive force in the entertainment industry since television became a mass phenomenon. Just as the advent of e-commerce upended the world of traditional retail, so the meteoric rise of Netflix, YouTube, and Amazon Prime redefined the rules of content consumption, raising the bar for movie studios and cable networks. Driven by the increasing affordability of connected devices and high-speed broadband, the video streaming industry is forecast to expand at an annual rate exceeding 19% btween 2019 and 2025, reaching almost $125 billion in value. However, there was hardly anyone in the late 1990s expecting such explosive growth and the monumental impact on content consumption patterns, viewer habits, and business models. It was the early days of the internet, and watching video content on dial-up connections severely taxed the patience of PC users. Nevertheless, Daniel Aharonoff had the foresight to pursue a career in digital media, realizing that it would dominate the future. More than 20 years after founding his first successful company, online content platform VideoDome Networks, he is again pushing boundaries with his support for an innovative streaming project, Everland.

As a digital media consultant, Daniel Aharonoff has been instrumental in facilitating the transformation of such high-profile organizations as NBC and Fox Television. He continued to build up his expertise through numerous senior executive positions, expanding on his pioneering work of the late 1990s to become one of the most highly regarded digital media professionals and a prominent technology investor. Most recently, he has invested in Everland, an online gaming platform that aims to redefine the concept of a virtual community. The creator of the game is Byron ‘Reckful’ Bernstein, whom Daniel Aharonoff met through a mutual friend. The former professional esports player rose to fame as a teenager, becoming the highest-rated World of Warcraft gamer around the age of 20.

Currently in active development, Everland is looking to build an online community unlike any other, bringing players together through more than interactive chats. The platform will house a virtual world that users can explore with in-game friends and new acquaintances, in addition to which they can become the owners of virtual mansions. Users will also have the opportunity to engage in various other pursuits, such as DJing in a club, hanging out in the casino, and playing board games. Users will be able to purchase cosmetics representing their favorite streamers as well as socialize with them around Everland in various places via many mini-games custom-designed for the environment. The entire concept has the potential to introduce a ground-breaking streaming service made even more attractive by the fact that access to this fascinating world will be free.

Daniel Aharonoff has been involved in the digital media space for more than 20 years, laying the foundations of his remarkable professional success with his appointment as a strategic consultant to NBC Television. He advised the company on the launch of its VideoSeeker online service and showcased its digital properties on numerous pioneering portals, among them World News, The Tonight Show, and Saturday Night Live. This assignment was followed by the position of acting CTO at FoxKids and Fox Family Channel, where Aharonoff consulted on all technology and digital media initiatives. In 1997, he founded movie content aggregator VideoDome Networks, serving as its CEO until 2004. After a number of senior roles at digital media companies, he joined BroadScaler Consulting in 2009, assuming the CEO responsibilities.

Daniel Aharonoff – CEO of BroadScaler Consulting & Digital Media Expert: http://danielaharonoff.com

Daniel Aharonoff Investment in Everland – YouTube: https://www.youtube.com/watch?v=L-VgiPdDdNI

Daniel Aharonoff Advises on Strategies for Effective Corporate Philanthropy: https://finance.yahoo.com/news/daniel-aharonoff-advises-strategies-effective-164000280.html

Contact Information:

Daniel Aharonoff
daniel.aharonoff@broadscaler.com
http://danielaharonoff.com

SOURCE: Daniel Aharonoff

ReleaseID: 554208

NEW YORK, NY / ACCESSWIRE/ July 31, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Eros International Plc (NYSE: EROS)
Class Period: July 28, 2017 to June 5, 2019
Lead Plaintiff Deadline: August 20, 2019

The lawsuit alleges that Eros International Plc made materially false and/or misleading statements and/or failed to disclose that: (1) Eros and its executives engaged in a scheme to use related-party
transactions to fabricate receivables that they reported in Eros’s public financial disclosures; (2) because of this scheme, Eros’s financial position was weaker than what the Company disclosed; (3) consequently, the Company’s Indian subsidiary, Eros International Media Ltd (“EIML”), missed loan payments and had its credit
downgraded; and (4) due to the foregoing, Defendants’ statements about Eros’s receivables, business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Learn about your recoverable losses in EROS: http://www.kleinstocklaw.com/pslra-1/eros-international-plc-loss-submission-form?id=2702&from=1

EQT Corporation (NYSE: EQT)
Class Period: June 19, 2017 to October 24, 2018
Lead Plaintiff Deadline: August 26, 2019

During the class period, EQT Corporation allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) land acquired by the Rice Energy merger was not contiguous with the Company’s previously held acreage, which reduced the purported synergy benefits; (2) the purported longer lateral wells were not feasible because of intervening third-party parcels or prior drilling by EQT, Rice, or third parties; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in EQT: http://www.kleinstocklaw.com/pslra-1/eqt-corporation-loss-submission-form?id=2702&from=1

Reckitt Benckiser Group plc (OTCMKTS: RBGLY)
Class Period: On behalf of all purchasers of Reckitt American Depositary Shares (“ADSs”) from July 28, 2014 through April 9, 2019
Lead Plaintiff Deadline: September 13, 2019

The complaint alleges that throughout the class period Reckitt Benckiser Group plc made materially false and/or misleading statements and/or failed to disclose that: (a) defendants had engaged in a scheme to artificially inflate the sales of Suboxone Film by more than $3 billion by falsely touting the drug’s purportedly superior efficacy and safety as compared to tablets; (b) contrary to defendants’ public statements, the FDA and internal Company documents had concluded that Suboxone Film posed a potentially greater risk of abuse and child endangerment than other available treatments; (c) defendants had fabricated a safety scare involving Suboxone Tablets in order to unlawfully delay and prevent generic competition; (d) defendants had engaged in a massive marketing campaign that had misrepresented the purported benefits of Suboxone Film as compared to Suboxone Tablets to doctors, healthcare providers, government regulators and investors; (e) defendants had encouraged Suboxone sales through medical providers that they knew were overprescribing the drug, facilitating the drug’s abuse and/or prescribing it in a careless and clinically unwarranted manner, often to hundreds of individuals at a time; (f) as a result of (a)-(e) above, Reckitt’s revenues, net income an d earnings were artificially inflated and the product of illicit business practices; and (g) as a result of (a)-(f) above, Reckitt and Reckitt Pharma were exposed to extraordinary undisclosed legal and reputational risks that could result in billions of dollars in fines, lost business and legal judgments or other monetary penalties.

Learn about your recoverable losses in RBGLY: http://www.kleinstocklaw.com/pslra-1/reckitt-benckiser-group-plc-loss-submission-form?id=2702&from=1

Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

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.

CONTACT:

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 554209

WILMINGTON, DE / ACCESSWIRE / July 31, 2019 / Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Delaware on behalf of holders of Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s) (NASDAQ GS: DFRG) common stock in connection with the proposed acquisition of Del Frisco’s by L Catterton, Harlan Parent, Inc., and Harlan Merger Sub, Inc. (collectively, “L Catterton”) announced on June 24, 2019 (the “Complaint”). The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Del Frisco’s and its Board of Directors (the “Board”), is captioned Sabatini v. Del Frisco’s Restaurant Group, Inc., Case No. 1:19-cv-01385 (D. Del.).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, DE 19801, by telephone at (888) 969-4242, by e-mail at info@rl-legal.com, or at http://rigrodskylong.com/contact-us/.

On June 23, 2019, Del Frisco’s entered into an agreement and plan of merger (the “Merger Agreement”) with L Catterton. Pursuant to the terms of the Merger Agreement, shareholders of Del Frisco’s will receive $8.00 per share in cash (the “Proposed Transaction”).

Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a proxy statement (the “Proxy Statement”) filed with the United States Securities and Exchange Commission. The Complaint alleges that the Proxy Statement omits material information with respect to, among other things, the analyses performed by Del Frisco’s financial advisor. The Complaint seeks injunctive and equitable relief and damages on behalf of holders of Del Frisco’s common stock.

If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

SOURCE: Rigrodsky & Long, P.A.

ReleaseID: 554204

BRIDGEWATER, NS / ACCESSWIRE / July 31, 2019 / (TSXV:SSE) – Silver Spruce Resources Inc. (“Silver Spruce” or the “Company”) is providing the following information regarding the Company’s news release of 15 July 2019. As a result of a review by the Nova Scotia Securities Commission, we are issuing the following news release to clarify our disclosure.

The Company was notified that an estimate of mineral resources in the section titled, “Non-Qualified Resource” of the 15 July 2019 news release was not acceptable under National Instrument 43-101 Standards of Disclosure for Mineral Projects, and the Company retracts the entire statement under the heading “Non-Qualified Resource”.

Further, the Company intends to file a NI 43-101 technical report to be completed by an independent Qualified Person on the Cocula project within forty-five days of the 15 July 2019 news release.

Qualified Person

Dr. Craig Gibson, Ph.D., CPG, Qualified Person, consulting geologist and project manager for the Company, is responsible for the technical content of this press release.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of the Pino de Plata project, located in the prolific Sierra Madre Occidental region of western Chihuahua State in Mexico. The Company has signed a binding Letter of Agreement to acquire 100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The company seeks Safe Harbour.

Contact:

Silver Spruce Resources Inc.
Karl Boltz, President/CEO/Director
(866) 641-3397
info@silverspruceresources.com
www.silverspruceresources.com

SOURCE: Silver Spruce Resources Inc.

ReleaseID: 554207

NEW YORK, NY / ACCESSWIRE / July 31, 2019 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Acer Therapeutics Inc. (“Acer” or the “Company”) (NASDAQ:ACER) of the August 30, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Acer stock or options between September 25, 2017 and June 24, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/ACER. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Acer securities between September 25, 2017 and June 24, 2019 (the “Class Period”). The case, Sell v. Acer Therapeutics Inc. et al., No. 19-cv-06137 was filed on July 1, 2019.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Acer lacked sufficient data to support filing EDSIVO’s Non-Drug Application (“NDA”) with the Food and Drug Administration (“FDA”) for the treatment of vascular Ehlers-Danlos syndrome (“vEDS”); (2) the Ong Trial was an inadequate and ill-controlled clinical study by FDA standards, and was comprised of an insufficiently small group size to support EDSIVO’s NDA; (3) consequently, the FDA would likely reject EDSIVO’s NDA; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On June 25, 2019, Acer issued a press release disclosing that the FDA had rejected the Company’s NDA for EDSIVO. That same day, Reuters published an article titled “FDA declines to approve Acer Therapeutics’ rare genetic disorder treatment.” In discussing the FDA’s rejection of the Company’s FDA, the Reuters article noted, among other things, how “[t]he small group size” of the Ong Trial had “raised questions among experts about the adequacy of the trial results.”

On this news, Acer’s stock price fell from $19.28 per share on June 24, 2019 to $4.12 per share on June 25, 2019-a $15.16 or 78.63% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Acer’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE: Faruqi & Faruqi, LLP

ReleaseID: 554124

Coral Gables-based community bank is first of its size to offer Moody’s Analytics AI-driven spreading software

CORAL GABLES, FL / ACCESSWIRE / July 31, 2019 / Professional Bank, one of the fastest growing financial institutions in Florida, has joined the ranks of the nation’s largest institutions in automating business loan applications. As the first sub-$1 billion community bank in the nation to use Moody’s Analytics QUIQspread™ automated spreading technology – as part of a suite of Moody’s Analytics solutions that also includes CreditLens™, ImpairmentStudio™ and MARQ™ software – the institution reviews loan applications faster, more accurately and more efficiently than most lenders.

“This investment will incrementally enhance our deal flow management, loan review and approval process which will directly benefit our commercial borrowers,” said Professional Bank Chairman and CEO Daniel R. Sheehan. “Our team continues to focus on leveraging technology to improve service and strengthen credit quality controls as we continue to grow.”

The QUIQspread solution eliminates the need for loan applicants to format financial information for Professional Bank. Moody’s Analytics software extracts data and notifies the borrower upfront of missing information. As a result, loans are processed faster.

After organizing and analyzing the application, the cloud-based, secure program generates custom reports that are more accurate and 70% faster in generating spreads than manual reviews. Automation and constant error checking produce shorter loan review times than traditional lending practices. The software uses machine learning to learn from Professional Bank’s loan officers how to produce better analyses.

“We are thrilled to see Professional Bank leading the community bank industry in integrating QUIQspread and other advanced technology solutions into its business services,” said Eric Grandeo, Senior Director of the Moody’s Analytics Accelerator, which developed the QUIQspread solution. “We are confident these capabilities will give the institution a competitive edge in attracting and retaining corporate clients.”

This year, Professional Bank rolled out technologies such as an Apple Watch app, industry leading instant person-to-person payments called SPIN, and an interactive website with more technology-focused initiatives being launched later this year. They include products and services from the Cleveland Digital Innovation Center that opened last December.

“This is just the beginning of the great enhancements we are bringing to market for our clients and employees. The team effort and partnerships prove that the right culture and environment empower us to move fast and be a leader in the industry,” said Ryan Gorney, CIO of Professional Bank.

The Bank is implementing QUIQspread and related programs in the third quarter at its banking centers, including at its newest branches in Dadeland and Boca Raton, and its just-launched Loan Production Offices in Doral and Wellington.

This and other innovations come during a period of tremendous growth for the Bank. It reported $890 million in assets for the first time in its 10-year history during the second quarter of 2019. In December 2018, the parent company raised $20 million in new capital that is being used to invest in new locations, technology and talent.

About Professional Bank: Headquartered in Coral Gables, Fla., Professional Bank is one of South Florida’s fastest-growing community banks. A subsidiary of financial holding company Professional Holding Corp. Professional Bank specializes in construction, residential and commercial real estate financing as well as business loans and lines of credit, including SBA financing. Known for high-touch customized concierge services, the bank serves the needs of its customers through a full offering of deposit products, cash management services, online and mobile banking.

Founded in 2008, Professional Bank operates full-service branches and loan production offices in Miami-Dade, Broward and Palm Beach counties. For more information, visit myprobank.com.

QUIQspread, CreditLens, ImpairmentStudio and MARQ are all trademarks of Moody’s Analytics.

CONTACT:

Todd Templin, BoardroomPR
ttemplin@boardroompr.com
954-370-8999

SOURCE: Professional Bank

ReleaseID: 554188

WILMINGTON, DE / ACCESSWIRE / July 31, 2019 / Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Delaware on behalf of holders of Sotheby’s (NYSE: BID) common stock in connection with the proposed acquisition of Sotheby’s by BidFair USA LLC (“Parent”) and BidFair Merger Right Inc., announced on June 17, 2019 (the “Complaint”). The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Sotheby’s and its Board of Directors (the “Board”), is captioned Kent v. Sotheby’s, Case No. 1:19-cv-01374 (D. Del.).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, DE 19801, by telephone at (888) 969-4242, by e-mail at info@rl-legal.com, or at http://rigrodskylong.com/contact-us/.

On June 16, 2019, Sotheby’s entered into an agreement and plan of merger (the “Merger Agreement”) with Parent and Merger Sub. Pursuant to the terms of the Merger Agreement, shareholders of Sotheby’s will receive $57.00 per share in cash (the “Proposed Transaction”).

Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a proxy statement (the “Proxy Statement”) filed with the United States Securities and Exchange Commission. The Complaint alleges that the Proxy Statement omits material information with respect to, among other things, the Company’s financial projections and the analyses performed by Sotheby’s financial advisor. The Complaint seeks injunctive and equitable relief and damages on behalf of holders of Sotheby’s common stock.

If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

SOURCE: Rigrodsky & Long, P.A.

ReleaseID: 554203

NEW YORK, NY / ACCESSWIRE / July 31, 2019 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Realogy Holdings Corp. (“Realogy” or the “Company”) (NYSE:RLGY) of the September 9, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Realogy stock or options between February 24, 2017 and May 22, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/RLGY. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the District Court of New Jersey on behalf of all those who [purchased Realogy securities between February 24, 2017 and May 22, 2019 (the “Class Period”). The case, Tanaskovic v. Realogy Holdings Corp., No. 2:19-cv-15053 was filed on July 11, 2019, and has been assigned to Judge Stanley R. Chesler.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Realogy was engaged in anticompetitive behavior by requiring property sellers to pay the commissions of a buyer’s broker at an inflated rate; (2) Realogy’s anticompetitive actions would prompt the U.S. Department of Justice (“DOJ”) to open an antitrust investigation into the real estate industry’s practices regarding brokers’ commissions; and (3) as a result, Defendants’ statements about the Realogy’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On March 11, 2019, the article “A new class action lawsuit could upend the real estate business as we know it” was published on The Real Deal. The article revealed that a lawsuit was filed against several realtors, including Realogy, which alleged that Realogy and others were violating antitrust laws. The article stated in relevant part:

On this news, Realogy’s share price fell from $12.28 on March 11, 2019 to $12.07 on March 12, 2019- a $0.21 or a 1.71% drop.

On April 18, 2019, Housingwire reported in the article “NAR slapped with second class-action lawsuit to end buyer broker compensation” which stated in relevant part: [Realogy violated federal antitrust laws by requiring property sellers to pay the buyer’s broker an inflated fee.]

On this news, Realogy’s share price fell from $12.89 on April 18, 2019 to $12.32 on April 22, 2019- a $0.57 or a 4.42% drop.

On May 22, 2019, media reports revealed that the DOJ opened an investigation regarding antitrust practices of the real estate industry, which included Realogy. That day, Bloomberg published the article, “U.S. Opens Antitrust Probe of Real Estate Brokerage Industry” which discussed the investigation, stating in relevant part:

On this news, Realogy’s share price fell from $7.84 on May 21, 2019 to $7.13 on May 23, 2019- a $0.71 or a 9.05% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Realogy’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE: Faruqi & Faruqi, LLP

ReleaseID: 554198

NEW YORK, NY / ACCESSWIRE / July 31, 2019 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Ideanomics, Inc. (“Ideanomics” or the “Company”) (NASDAQ:IDEX) of the September 17, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Ideanomics stock or options between May 15, 2017 and November 13, 2018 and would like to discuss your legal rights, click here: www.faruqilaw.com/IDEX. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Ideanomics securities between May 15, 2017 and November 13, 2018 (the “Class Period”). The case, Jose Pinto Claro Da Fonseca Miranda v. Ideanomics, Inc. F/K/A Seven Stars Cloud Group, Inc. F/K/A Wecast Network, Inc., No. 1:19-cv-06741 was filed on July 19, 2019.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making materially false and misleading statements regarding Ideanomics’ business, operational and compliance policies.

Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) costs associated with building out Ideanomics’ U.S. infrastructure and hiring its new executive team were negatively impacting the Company’s bottom line performance; (2) as a result, Ideanomics was highly unlikely to meet its 2018 EBITDA guidance; (3) Ideanomics’ margins in its oil trading and consumer electronics businesses were too low for those businesses to remain viable; and (4) as a result, Ideanomics’ public statements were materially false and misleading at all relevant times.

On this news, Ideanomics’s share price fell from $3.26 per share on November 13, 2019 to a closing price of $1.67 on November 14, 2015-a $1.59 or a 48.77% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Ideanomics’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE: Faruqi & Faruqi, LLP

ReleaseID: 554196