Ideanomics (IDEX) Securities Class Action:
The complaint alleges that, throughout the Class Period, Defendant misrepresented and omitted facts concerning the development of Ideanomics' electric vehicle hub in Qingdao, China, the Mobile Energy Group ("MEG") center, and overstated the strength of its electric vehicle business. According to the complaint, Defendants repeatedly lauded its "one million square foot MEG center," while concealing the MEG Center was not operational. Defendants also publicized new electric vehicle contracts when, in fact, these agreements were fabricated.
San Francisco, California--(Newsfile Corp. - August 20, 2020) - Hagens Berman urges investors in Ideanomics, Inc. (NASDAQ: IDEX) to submit their losses now. Only seven days remain until the August 27, 2020 lead plaintiff deadline in a securities fraud class action against Ideanomics.Class...
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