Imergent's Wild Ride

Think Mr. Toad had a wild ride?

It's nothing compared with the jaw-clenching gyrations suffered by investors in Imergent(IIG Quote), a Utah-based software and services company. In the last two years, the stock seesawed from $15 to $4, had a run-up to $35 and then went back down to $18.

Making the ride even bumpier is the company's penchant for attracting lawsuits. At last count, it had been sued (or threatened with legal action) by the attorneys general of at least six states plus Australia. ...