Thieler Law Corp advises investors with losses exceeding $100,000 of the September 21, 2015 lead plaintiff deadline in a class action lawsuit filed against IDI Inc (NYSEMKT: IDI) (“IDI” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of Florida and investors, who purchased IDI securities between April 30, 2015 and July 21, 2015, have until September 21, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased  IDI securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Chairman Michael Brauser was named as a defendant in multiple civil fraud litigation, that Chairman Michael Brauser was co-owner of a company that filed for bankruptcy and was sued as an adversary in that bankruptcy proceeding, and that IDI’s Transunion lawsuit could render IDI’s stock worthless.

On July 21, 2015, SeekingAlpha.com published an article on IDI Inc reporting that  Chairman Michael Brauser's biography omits his being named as a defendant in multiple civil fraud litigations and sued in a bankruptcy proceeding. Additionally it revealed that IDI's pending lawsuit against Transunion could force IDI's stock to lose its value.

After the issuing of this report, IDI's stock declined $5.26 per share, or over 46%, to close at $6.16 per share on July 21, 2015.

If you were negatively impacted by your investment in IDI securities between April 30, 2015 and July 21, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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