Energy News / Shareholders Foundation, Inc.

NYSE:INS Shareholder Notice: Deadline on September 9, 2019 in Lawsuit Against Intelligent Systems Corporation

Via: ReleaseWire

Updated 12:15 PM CDT, Wed, September 04,2019

A Deadline is coming up on September 9, 2019 in the lawsuit for certain investors in Intelligent Systems Corporation (NYSE: INS).

San Diego, CA -- (SBWIRE) -- 09/04/2019 -- A deadline is coming up on September 9, 2019 in the lawsuit filed for certain investors of Intelligent Systems Corporation (NYSE: INS) over alleged securities laws violations by Intelligent Systems Corporation.

Investors who purchased shares of Intelligent Systems Corporation (NYSE: INS) have certain options and there are strict and short deadlines running. Deadline: September 9, 2019. NYSE: INS stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Intelligent Systems Corporation (NYSE: INS) common shares between January 23, 2019 and May 29, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 23, 2019 and May 29, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Defendant Petit, the "financial expert" on Intelligent Systems' Audit Committee engaged in accounting fraud as the CEO of MiMedx Group, Inc, that Intelligent Systems' CEO, Defendant Strange, engaged in undisclosed related-party transactions with Defendant Petit and others and had an undisclosed personal relationship with the Company's auditor, that Intelligent Systems had its employees set up or take control of shell companies in Asia so they could partake in undisclosed related-party transactions for the purpose of either fabricating revenue for the Company and/or siphoning money out of the Company, and that as a result, defendants' statements about Intelligent Systems' business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times

Those who purchased shares of Intelligent Systems Corporation (NYSE: INS) 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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseins-shareholder-notice-deadline-on-september-9-2019-in-lawsuit-against-intelligent-systems-corporation-1258321.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com