Published:
Brower Piven Announces the Filing of a Class Action Lawsuit Against InPhonic, Inc.
Brower Piven, A Professional Corporation
announces that a class action lawsuit has been commenced in the United
States District Court for the District of Columbia on behalf of purchasers
of the common stock of InPhonic, Inc. ("InPhonic" or the "Company")
(NASDAQ: INPC) between August 2, 2006 and May 3, 2007, inclusive (the
"Class Period").
The complaint alleges that during the Class Period the Company, and certain
of its officers and directors, violated federal securities laws by issuing
various materially false and misleading statements that had the effect of
artificially inflating the market price of the Company's securities and
causing Class members to overpay for the securities.
No class has yet been certified in the above action. If you are a member
of the proposed Class, you may, no later than July 6, 2007, ask the Court
to allow you to serve as lead plaintiff for the proposed Class. To serve
as a lead plaintiff, you must satisfy certain legal requirements. In
making your decision, you should take into account that those with large
financial losses resulting from the alleged federal securities law
violations are given preference in being appointed lead plaintiff.
If you have suffered a net loss for all transactions in InPhonic, Inc.
securities during the Class Period (including shares or calls purchased
during, but retained after, the Class Period or put options sold but not
covered until after the Class Period), you may obtain additional
information about this lawsuit and your ability to become a lead plaintiff
by contacting Brower Piven (without obligation or cost to you) at
www.browerpiven.com, by email at hoffman@browerpiven.com, by calling
410-986-0036, or at Brower Piven, The World Trade Center-Baltimore, 401
East Pratt Street, Suite 2525, Baltimore, Maryland 21202. The partners at
the firm responsible for this case have combined experience in securities
and class action litigation of over 40 years. If you choose to retain
counsel, you may retain Brower Piven, or you may retain other counsel of
your choice.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
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Tags: ,ProfessionalServices:Legal, ,NASDAQ01,NASDAQ01,MD,BALTIMORE, MD
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