Investigation Overview
Company
Security
NYSE: IPI
Summary
According to a press release an investigation on behalf of investors of Intrepid Potash, Inc (NYSE: IPI) concerning possible securities law violations was announced.
According to the press release the investigation focuses on the resignation of Intrepid Potash, Inc.'s (NYSE: IPI) President, Patrick Avery, because of discrepancies in his educational background. It is believed that fraudulent information was disseminated about Mr. Avery in Intrepids prospectus when the Company first sold shares to the public in April of 2008.
Intrepid Potash, Inc, is a wholly owned subsidiary of Intrepid Mining, engaged in the production of muriate of potash in the United States.