January 25, 2022
Ideanomics will pay $5 million to a class of investors who accused the financial technology company of exaggerating revenue reports, after a New York federal judge gave final approval to the settlement deal on Tuesday.
April 02, 2020
Financial technology company Ideanomics Inc. defended its bid to toss a securities fraud suit Wednesday, telling a New York federal court that their investors' attempt to strike supporting evidence was merely a "cynical ploy" to get discovery they're not entitled to.
March 03, 2020
Investors in financial technology company Ideanomics have urged a New York federal court not to toss a proposed stock drop class action, saying the company and its executives are wrong in claiming their actions were protected by federal securities law.
October 08, 2019
Faruqi & Faruqi LLP nabbed the role of lead counsel in New York federal court Monday for a proposed securities class action accusing financial technology company Ideanomics of concealing infrastructure costs that ultimately damaged its financial performance.
September 18, 2019
Four firms fought for the role of lead counsel in New York federal court Tuesday in a proposed securities class action that claims financial technology company Ideanomics Inc. hid infrastructure costs that hurt its financial performance from investors.
July 22, 2019
Financial technology company Ideanomics was slapped with a proposed securities class action Friday in New York federal court, accusing the company of failing to disclose issues impacting its fiscal year performance that sent its stock plummeting once revealed.