Energy News / Shareholders Foundation, Inc.

Intralinks Holdings Inc (NYSE:IL) Shareholder Alert: Lawsuit Against Directors Filed

Via: ReleaseWire

Updated 9:30 AM CDT, Mon, June 08,2015

A lawsuit was filed by an investors in Intralinks Holdings Inc (NYSE:IL) over alleged wrongdoing and and NYSE:IL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (ReleaseWire) -- 06/08/2015 -- An investor in shares of Intralinks Holdings Inc (NYSE:IL) filed a lawsuit against directors of Intralinks Holdings Inc.

Investors who purchased shares of Intralinks Holdings Inc (NYSE:IL) and currently hold any of those NYSE:IL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges that certain directors of Intralinks Holdings Inc (NYSE:IL) sold their own shares for almost $80 million while allegedly concealing information that cause the stock price of NYSE:IL shares to sink over 40%.

In November 2011 IntraLinks Holdings Inc announced its results for its third quarter of 2011. Among other things, IntraLinks Holdings Inc issued also its fourth quarter 2011 guidance which is below analysts' estimates.

In December 2011 a lawsuit was filed against Intralinks Holdings Inc over alleged securities laws violations. The plaintiff alleged that between February 17, 2011 and November 10, 2011 certain defendants misrepresented and/or failed to disclose that IntraLinks Holdings Inc was experiencing a slowdown in its Enterprise business segment.

Those who purchased shares of Intralinks Holdings Inc (NYSE:IL), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/intralinks-holdings-inc-nyseil-shareholder-alert-lawsuit-against-directors-filed-603006.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com