Attention InterCloud Systems, Inc. Investors: InterCloud Systems Misled Investors According to a Recently Filed Class Action - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Attention InterCloud Systems, Inc. Investors: InterCloud Systems Misled Investors According to a Recently Filed Class Action

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Robbins Arroyo LLP

SAN DIEGO and SHREWSBURY, N.J., May 2, 2014 /PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP announces that an investor of InterCloud Systems, Inc. (NASDAQ: ICLD) has filed a federal securities fraud class action complaint in the U.S. District Court for the District of New Jersey.  The complaint alleges that the company and certain of its officers and directors and violated the federal securities laws between November 5, 2013 and March 17, 2014 (the "Class Period").  InterCloud Systems provides single-source end-to-end information technology solutions to the telecommunications service provider and corporate enterprise markets.

Robbins Arroyo LLP

InterCloud Systems Accused of Engaging in a Misleading Brand Awareness Campaign

According to the complaint, shares of InterCloud fell multiple times beginning with an initial decline of $1.19, or more than 9%, to close at $11.91 on March 13, 2014, following the publication of an article claiming that InterCloud Systems engaged in a misleading brand awareness campaign.  Specifically, the complaint alleges that an investor relations firm, the DreamTeamGroup, was hired by InterCloud to write favorable articles touting the company and promoting its stock.  The complaint charges that InterCloud investors were misled because the authors of the articles falsely stated that they had not received compensation from InterCloud.  On March 18, 2014, InterCloud's shares fell an additional $1.28, or 10.8%, to close at $10.59, following the publication of an additional article claiming that the DreamTeamGroup articles touting InterCloud appeared to have been paid promotions.

The complaint further alleges that because of this misleading campaign, InterCloud's shares traded at artificially high prices because throughout the class period.

InterCloud Systems Investors Are Encouraged to Contact Shareholder Rights Law Firm Robbins Arroyo LLP

If you invested in InterCloud Systems and would like to discuss your shareholder rights, please contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the information form on the firm's shareholder rights blog: www.robbinsarroyo.com/shareholders-rights-blog/intercloud-systems-inc

Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. 

Attorney Advertising. Past results do not guarantee a similar outcome.  

Contact:
Darnell R. Donahue
Robbins Arroyo LLP
DDonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

Logo - http://photos.prnewswire.com/prnh/20130103/MM36754LOGO

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
TULSA'S OWN TM
GREEN COUNTRY'S OWN TM
Oklahoma's Own Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state including Tulsa's Own and Green Country's Own.
All content © Copyright 2000 - 2014, WorldNow and KOTV. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.