A lawsuit was filed on behalf of investors in Quadrant 4 System Corp (OTCMKTS:QFOR) shares over alleged securities laws violations.

San Diego, CA -- (SBWire) -- 08/17/2017 --An investor, who purchased shares of Quadrant 4 System Corp (OTCMKTS:QFOR), filed a lawsuit over alleged Securities Laws violations by Quadrant 4 System Corp.

Investors who purchased shares of Quadrant 4 System Corp (OTCMKTS:QFOR) have certain options and for certain investors are short and strict deadlines running. Deadline: September 5, 2017. OTCMKTS:QFOR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Quadrant 4 System Corp (OTCMKTS:QFOR) common shares between August 14, 2012 and June 30, 2017, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between August 14, 2012 and June 30, 2017 the defendants made false and/or misleading statements and/or failed to disclose that defendant Nandu Thondavadi, former CEO of Quadrant 4 System and defendant Dhru Desai, former CFO of Quadrant 4 System, engaged in an accounting fraud scheme that misled investors, that defendants Thondavadi and Desai stole more than $4 million from Quadrant 4 System, that defendants Thondavadi and Desai caused Quadrant 4 System to understate its liabilities and inflate its revenues and assets and evaded scrutiny by lying to Quadrant 4 System's auditors and providing them with forged and doctored documents, and that as a result, defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Quadrant 4 System Corp (OTCMKTS:QFOR) 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