Thieler Law Corp advises investors with losses exceeding $100,000 of the September 9, 2019 lead plaintiff deadline in a class action lawsuit filed against Intelligent Systems Corporation (NYSE: INS) (“Intelligent Systems” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Intelligent Systems Corporation securities between January 23, 2019 and May 29, 2019, have until September 9, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Intelligent Systems Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 Defendant Petit, the “financial expert” on the Company’s Audit Committee, engaged in accounting fraud as the CEO of MiMedx Group; the Company’s CEO, Defendant Strange, engaged in undisclosed related-party transactions with Defendant Petit and others and had an undisclosed personal relationship with the Company’s auditor; the Company had its employees set up or take control of shell companies in Asia so they could partake in undisclosed related-party transactions for the purpose of either fabricating revenue for the Company and/or siphoning money out of the Company; and as a result, Defendants’ statements about Intelligent Systems’ business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

On May 24, 2019, a report published by Aurelius Value entitled "INS: A Wolf in Pete’s Clothing.", discussed MiMedx Group’s disclosures concerning Defendant Petit and also accused the Company’s CEO, Defendant Strange, inter alia, of having engaged in undisclosed related-party transactions with Defendant Petit and others and of having an undisclosed personal relationship with INS’s auditor, Nicolas Cauley.

Following this news, NYSE: INS fell from $39.11 per share on May 23, 2019 to a closing price of $34.93 on May 24, 2019.

If you were negatively impacted by your investment in Intelligent Systems Corporation securities between January 23, 2019 and May 29, 2019 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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