San Diego, CA -- (SBWIRE) -- 08/04/2015 -- The Shareholders Foundation announced that an investor, who purchased shares of IDI, Inc. (NYSEMKT:IDI), filed a lawsuit in the U.S. District Court for the Southern District of Florida over alleged violations of Federal Securities Laws by IDI, Inc. in connection with certain allegedly false and misleading statements made between April 30, 2015 and July 21, 2015.

Investors who purchased shares of IDI, Inc. (NYSEMKT:IDI) have certain options and for certain investors are short and strict deadlines running. Deadline: September 21, 2015. NYSEMKT:IDI investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of IDI, Inc. (NYSEMKT:IDI) common shares between April 30, 2015 and July 21, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 30, 2015 and July 21, 2015 defendants issued allegedly materially false and misleading statements to investors and/or failed to disclose that Chairman Michael Brauser was named as a defendant in multiple civil fraud litigation, that Chairman Michael Brauser was co-owner of a company that filed for bankruptcy and was sued as an adversary in that bankruptcy proceeding, and that IDI's Transunion lawsuit could render IDI's stock worthless. When the true details entered the market, the lawsuit claims that investors suffered damages.

IDI, Inc. (NYSEMKT:IDI) reported that its annual Total Revenue rose from $2.88 per share in 2013 to as high as $3.01 million in 2014 and that its respective Net Loss declined from $3.94 million to $3.53 million. Shares of IDI, Inc. (NYSEMKT:IDI) grew from $6.21 per share in May 2015 to as high as $12.80 per share on July 16, 2015.

On July 21, 2015, Seeking Alpha published a report on IDI, which asserts among other things that: (i) Chairman Michael Brauser's biography omits bankruptcy, wipeout, and fraud lawsuits; (ii) IDI stock has been temporarily inflated from extensive Yahoo message board stock-pumping scheme; and (iii) IDI's Transunion lawsuit could mean instant $0 for stock as IDI's future is apparently based on IP it doesn't own. On this news, shares of IDI fell sharply during intraday trading on July 21, 2015. On July 22, 2015, shares of Shares of IDI, Inc. (NYSEMKT:IDI) declined to as low as $5.17 per share

Those who purchased shares of IDI, Inc. (NYSEMKT:IDI) 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