San Diego, CA -- (SBWIRE) -- 09/27/2016 -- An investigation was announced for investors of Inteliquent Inc (NASDAQ:IQNT) shares over potential securities laws violations by Inteliquent Inc in connection certain financial statements was announced.

Investors who purchased shares of Inteliquent Inc (NASDAQ:IQNT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether a series of statements by Inteliquent Inc (NASDAQ:IQNT regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On August 2, 2016, Inteliquent Inc filed a Current Report with the U.S. Securities and Exchange Commission reporting its second quarter 2016 results. Inteliquent Inc missed its profit expectations and lowered revenue guidance to the range of $360 million to $370 million, down from previous guidance in the range of $370 million to $390 million, and lowered its EBITDA forecast to the range of $80 million to $85 million, down from a previous forecast of $82 million - $92 million.

On September 19, 2016, Inteliquent Inc announced the resignation of the Company's Chief Financial Officer, effective September 23, 2016, citing his pursuit of "another career opportunity at a software company."

Shares of Inteliquent Inc (NASDAQ:IQNT) declined on September 20, 2016 to as low as $14.90 per share.

On September 26, 2016, NASDAQ:IQNT shares closed at $16.32 per share.

Those who purchased shares of Inteliquent Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com