An investigation on behalf of current long term investors in Ideanomics, Inc. (NASDAQ:IDEX) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/19/2020 -- Certain directors of Ideanomics, Inc are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in Ideanomics, Inc. (NASDAQ: IDEX) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: IDEX stocks follows a lawsuit filed against Ideanomics, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: IDEX stocks, concerns whether certain Ideanomics, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Ideanomics' MEG Center in Qingdao was not "a one million square foot EV expo center", that the Company had been using doctored or altered photographs of the purported MEG Center in Qingdao, that the Company's electric vehicle business in China was not performing nearly as strong as Ideanomics had represented, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Ideanomics, Inc. (NASDAQ: IDEX) have certain options and should contact the Shareholders Foundation.
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