PHILADELPHIA, July 23, 2020 /PRNewswire/ -- Kehoe Law
Firm, P.C. is investigating potential securities claims on behalf
of investors of Ideanomics, Inc. ("Ideanomics" or the "Company")
(NASDAQ: IDEX) to determine whether Ideanomics engaged in
securities fraud or other unlawful business
practices.
Ideanomics investors who purchased, or otherwise acquired,
the Company's common stock between March 20,
2020 and June 25, 2020 (the
"Class Period") and suffered losses greater than $100,000 are encouraged to complete
Kehoe Law Firm's Securities Class Action
Questionnaire or contact Kevin
Cauley, Director, Business Development, (215) 792-6676, Ext.
802, securities@kehoelawfirm.com,
info@kehoelawfirm.com, to discuss
the securities investigation or potential legal
claims.
According to a class action complaint filed on behalf of
investors of Ideanomics, throughout the Class Period, Defendants
made materially false and/or misleading statements, as well as
failed to disclose material adverse facts about the Company's
business, operations, and prospects. Defendants, allegedly, failed
to disclose to investors (1) that Ideanomics' MEG Center in
Qingdao was not "a one million
square foot EV expo center"; (2) that the Company had been using
doctored or altered photographs of the purported MEG Center in
Qingdao; (3) that the Company's
electric vehicle business in China
was not performing nearly as strong as Ideanomics had represented;
and (4) that, as a result, the Company's public statements were
materially false and misleading at all relevant times.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary,
plaintiff–side law firm dedicated to protecting investors from
securities fraud, breaches of fiduciary duties, and corporate
misconduct. Combined, the partners at Kehoe Law Firm have
served as Lead Counsel or Co-Lead Counsel in cases that have
recovered more than $10 billion on
behalf of institutional and individual
investors.
This press release may constitute attorney advertising.
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SOURCE Kehoe Law Firm, P.C.