NEW ORLEANS, May 5, 2014 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 27, 2014 to file lead plaintiff applications in a securities class action lawsuit against InterCloud Systems, Inc. (Nasdaq:ICLD), if they purchased the Company's securities during the period between November 5, 2013 and March 17, 2014, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of New Jersey.
What You May Do
If you purchased shares of InterCloud and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org) or KSF Partner Melinda Nicholson (email@example.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 27, 2014.
About the Lawsuit
InterCloud and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.
On March 13, 2014, an article on SeekingAlpha.com disclosed that InterCloud had paid the stock promotional firm The DreamTeam Group to begin a misleading campaign designed to boost InterCloud's stock price without disclosing that The DreamTeam was paid by InterCloud to promote its stock.
Thereafter, an article published on March 17, 2014 by journalist Roddy Boyd further detailed the promotional fraud being perpetrated by InterCloud.
On this news, the price of InterCloud's stock plummeted.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner firstname.lastname@example.org Melinda Nicholson, Partner email@example.com 1-877-515-1850 206 Covington St. Madisonville, LA 70447Source:Kahn Swick & Foti, LLC