TMCnet News
INVESTOR ALERT: Class Action Lawsuit Against InterCloud Systems, Inc. Announced by Law Offices of Howard G. SmithBENSALEM, Pa. --(Business Wire)-- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of all purchasers of the common stock of InterCloud Systems, Inc. ("InterCloud" or the "Company") (NASDAQ:ICLD) between November 5, 2013 and March 17, 2014, inclusive (the "Class Period"). InterCloud is a global single-source provider of value-added services for corporate enterprises and service providers. The Company offers cloud and mnaged services, professional consulting services and voice, data and optical solutions. The Complaint alleges that throughout the Class Period defendants misrepresented or failed to disclose that the Company hired a promoter - The DreamTeam Group - to tout InterCloud stock without disclosing that it was paid by the Company to promote the stock. The Complaint further alleges that the promoter had posted misleading articles on behalf of the Company without properly disclosing its paid marketing relationship. If you are a member of the Class described above, you have until May 27, 2014, to move the Court to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, 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 [email protected], or visit our website at http://www.howardsmithlaw.com.
|
