NEW YORK, NY / ACCESSWIRE / July 16, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ideanomics Inc. (“Ideanomics” or “the Company”) (NYSE: IDEX). Investors who purchased Ideanomics stock are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/idex.
The investigation concerns whether Ideanomics and certain of its officers and/or directors have violated federal securities laws.
On November 14, 2018, Ideanomics issued a press release disclosing that the Company “intend[ed] to phase out [its] oil trading and consumer electronics businesses, with the intention to fully divest these assets in the near future.” Ideanomics also disclosed that it did “not anticipate meeting [its] EBITDA guidance of $35 million for fiscal year 2018,” citing “costs associated with building out [its] U.S. infrastructure and hiring [its] new executive team.” On this news, Ideanomics’ stock price fell $1.59 per share, or 48.77%, to close at $1.67 per share on November 14, 2018.
If you are aware of any facts relating to this investigation, or purchased Ideanomics shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/idex. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC