SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of IDI, Inc. – IDI

NEW YORK, NY / ACCESSWIRE / July 23, 2015 / Pomerantz LLP is investigating claims on behalf of investors of IDI, Inc. (“IDI” or the “Company”) (NYSE: IDI). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether IDI and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On July 21, 2015, SeekingAlpha.com published an article on the information solutions provider, asserting, among other things, that (1) Chairman Michael Brauser’s biography omits his being named as a defendant in multiple civil fraud litigations and sued in a bankruptcy proceeding; and (2) IDI’s pending lawsuit against Transunion could render IDI’s stock worthless. 

On this news, IDI’s stock fell $5.26 per share, or over 46%, to close at $6.16 per share on July 21, 2015.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz, LLP

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