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Case Status:    SETTLED
On or around 12/05/2017 (Date of order of final judgment)

Filing Date: March 28, 2014

According to the law firm press release, InterCloud is a global single-source provider of value-added services for corporate enterprises and service providers. The Company offers cloud and managed services, professional consulting services and voice, data and optical solutions. The Complaint alleges that throughout the Class Period defendants misrepresented or failed to disclose that the Company hired a promoter – The DreamTeam Group – to tout InterCloud stock without disclosing that it was paid by the Company to promote the stock. The Complaint further alleges that the promoter had posted misleading articles on behalf of the Company without properly disclosing its paid marketing relationship.

On November 5, 2014, the Court issued an Order appointing lead plaintiff and lead counsel. Lead Plaintiff filed an amended and consolidated complaint on January 9, 2015.

The parties entered into a Stipulation of Settlement on July 26, 2017. The Settlement was preliminarily approved on August 25.

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ICLD
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. New Jersey
DOCKET #: 14-CV-01982
JUDGE: Hon. Peter G. Sheridan
DATE FILED: 03/28/2014
CLASS PERIOD START: 11/05/2013
CLASS PERIOD END: 03/17/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gardy & Notis, LLP (NJ)
    440 Sylvan Avenue, Gardy & Notis, LLP (NJ), NJ 07632
    201-567-7377 201-567-7337 · info@gardylaw.com
  2. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
No Document Title Filing Date
COURT: D. New Jersey
DOCKET #: 14-CV-01982
JUDGE: Hon. Peter G. Sheridan
DATE FILED: 02/20/2015
CLASS PERIOD START: 12/03/2013
CLASS PERIOD END: 03/27/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohn, Lifland, Pearlman, Herrmann & Knopf
    Park 80 Plaza West-One, Cohn, Lifland, Pearlman, Herrmann & Knopf, NJ 7663
    201845.9600 · info@njlawfirm.com
  2. Robbins Geller Rudman & Dowd LLP (Boca Raton)
    120 East Palmetto Park Road, Suite 500, Robbins Geller Rudman & Dowd LLP (Boca Raton), FL 33432
    561.750.3000 561.750.3364 ·
No Document Title Filing Date