June 12, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Cogint, Inc. (NASDAQ:COGT) shares over potential securities laws violations by Cogint, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cogint, Inc. (NASDAQ:COGT) concerning whether a series of statements by Cogint, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Boca Raton, FL based Cogint, Inc., formerly IDI, Inc., is a data and analytics company providing information and marketing solutions to businesses in a range of industries.

On June 5, 2017 a report was published alleging that a number of the data analysis Cogint's insiders were under investigation for securities fraud. More specifically, the article claimed that several Cogint insiders, including Chairman Michael Brauser, are facing multiple investigations by the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) regarding potentially illegal stock promotions.

The same day Cogint, Inc. responded to the article and denied the allegations.