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Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Inteliquent, Inc.

Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares of Inteliquent, Inc. (NASDAQ GS: IQNT )?
  • Did you purchase your shares before May 7, 2012, or between May 7, 2012 and August 7, 2013, inclusive?
  • Did you lose money in your investment in Inteliquent, Inc.?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the Northern District of Illinois on behalf of all persons or entities that purchased the common stock of Inteliquent, Inc. (“Inteliquent” or the “Company”) (NASDAQ GS: IQNT) between May 7, 2012 and August 7, 2013, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of Inteliquent during the Class Period, or purchased shares prior to the Class Period and still hold Inteliquent, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/inteliquent-inc-iqnt.

Inteliquent provides voice, IP Transit, and Ethernet telecommunications services primarily on a wholesale basis. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. Specifically, the Complaint alleges that the defendants concealed from the investing public that: (1) the Company misstated the impairment of goodwill, intangibles and long-lived assets; (2) the Company had improper financial forecasting practices; (3) the Company lacked adequate internal and financial controls; and (4) as a result of the foregoing, the Company’s statements were materially false and misleading at all relevant times. As a result of defendants’ false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

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