Lawsuit Overview
Company
Security
OTC: INPC
Case Name
Inphonic Inc. Case 05/07/2007
Type of Lawsuit
Shareholder Class Action
Class Period Begin
Class Period End
You must register or login to receive notifications.
Summary
<p style= text-align: justify; >A class action lawsuit has been filed on behalf of shareholders who purchased the common stock of Inphonic Inc. (Nasdaq: INPC) between August 2, 2006 and May 3, 2007, inclusive (the “Class Period”). The class action lawsuit was filed in the United States District Court for the District of Columbia.</p> <p style= text-align: justify; > </p>
<p style= text-align: justify; >The Complaint alleges that defendants violated federal securities laws by issuing material misrepresentations to the market concerning the Company’s financial performance, thereby artificially inflating the price of Inphonic securities.</p>