NEW YORK, July 24, 2020 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Ideanomics, Inc. (NASDAQ: IDEX) between March 20, 2020 and June 25, 2020, inclusive (the “Class Period”).  The lawsuit seeks to recover damages for investors under the federal securities laws.

If you wish to serve as lead plaintiff, you must move the Court no later than August 27, 2020.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. 

To join the class action, http://zhanginvestorlaw.com/join-action-form/?slug=ideanomics-inc-2&id=2308 call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

如果您想加入这个集体诉讼案，请在这里提交您的信息。http://zhanginvestorlaw.com/join-action-form/?slug=ideanomics-inc-2&id=2308.

According to the lawsuit, throughout the Class Period (1) Ideanomics’ Mobile Energy Global (MEG) Division (the “MEG Center”) in Qingdao was not “a one million square foot EV expo center”; (2) the Company had been using doctored or altered photographs of the purported MEG Center in Qingdao; (3) the Company’s electric vehicle business in China was not performing nearly as strong as Ideanomics had represented; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. According to the suit, these true details were disclosed by market research firms. 

A class has not been certified.  You may retain counsel of your choice.  You may take no action at this time and be an absent class member.  Your ability to obtain a recovery is not dependent upon being a lead plaintiff.  

Zhang Investor Law represents investors worldwide.  Attorney Advertising.  Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
info@zhanginvestorlaw.com 
tel: (800) 991-3756