LOS ANGELES, CA / ACCESSWIRE / August 22, 2020 / Schall Law Firm, a national stockholder rights law firm, has announced the filing of a class action lawsuit against Ideanomics, Inc. ("Ideanomics" or "the Company") (NASDAQ: IDEX) for violations of 10 (b) and 20 (a) des Securities Exchange Act of 1934 and Rule 10b-5 issued by the Securities and Exchange Commission. "
Investors who purchased the Company's securities between March 20, 2020 and June 25, 2020 (including the “Class Period”) are advised to contact the Company before August 27, 2020.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company's website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don't take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. Ideanomics' Mobile Energy Global (MEG) division (the "MEG Center") in Qingdao, China, was not a "one million square meter EV exhibition center," according to the company. In fact, the company used altered photos to promote the alleged MEG center. The company's electric vehicle in China did not perform at the high level it represented in the market. Because of these facts, the company's public statements were false and materially misleading throughout the teaching period. When the market learned the truth about Ideanomics, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
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SOURCE: The law firm Schall
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