May 6, 2014
/PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of
on behalf of investors who purchased InterCloud Systems, Inc. ("InterCloud" or the "Company") (NasdaqCM: ICLD) common stock between
November 5, 2013
March 17, 2014
For more information, click here:
The complaint alleges that InterCloud made materially false and misleading statements and/or omitted materially adverse facts regarding the Company's business, operations, and prospects. On
March 13, 2014
, an article featured on SeekingAlpha.com alleged that InterCloud had paid the stock promotional firm The DreamTeam Group to promote the Company's stock without disclosing its business arrangement. An article published on
March 17, 2014
by journalist Roddy Boyd further detailed the promotional fraud being perpetrated by InterCloud. Shares of InterCloud fell almost 11% after the release of the Boyd article, closing at
per share on
March 18, 2014
If you suffered a loss in InterCloud you have until
May 27, 2014
to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact
Joseph E. Levi, Esq.
either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP