INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Intelligent Systems Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24INS&src=ctag” target=”_blank”gt;$INSlt;/agt; lt;a href=”https://twitter.com/hashtag/ClassAction?src=hash” target=”_blank”gt;#ClassActionlt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Intelligent Systems Corporation (“Intelligent Systems” or “the Company”)
(NYSE: INS)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Aurelius Value published a report on May 24, 2019, alleging
that the financial expert on Intelligent Systems’ Audit Committee
engaged in improper accounting practices and also alleged the Company’s
CEO engaged in many undisclosed related-party transactions. Based on
this news, shares of Intelligent Systems fell nearly 11% on the same day.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm,
1880 Century Park East, Suite 404, Los Angeles, CA 90067, at
424-303-1964, to discuss your rights free of charge. You can also reach
us through the firm’s website at www.schallfirm.com,
or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell:
424-303-1964
info@schallfirm.com
www.schallfirm.com