Inteliquent Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers
Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and
DALLAS -- September 24, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation
firm of Powers Taylor LLP announce an investigation into potential violations
of federal securities laws by certain officers and directors of Inteliquent,
Inc. (“Inteliquent” or “Company”) (NasdaqGS: IQNT) during the period of May 7,
2012 to August 7, 2013 (the “Class Period”).
If you are an affected investor and you want to learn more about the lawsuit
or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC,
(214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary
Groover at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at
email@example.com. There is no cost or fee to you.
In a recently filed federal class action complaint, Inteliquent and certain of
its officers and directors were charged with violating provisions of the
Securities Exchange Act of 1934. Among other things, the complaint alleges
that the defendants misrepresented or failed to disclose that: (a) the Company
misstated the impairment of goodwill, intangibles and long-lived assets; (b)
the Company practiced improper financial forecasting; (c) the Company lacked
adequate internal and financial controls; and (d) as a result, the Company’s
statements were materially false and misleading at all relevant times.
“Recent revelations about alleged improper business practices and procedures
regarding key aspects of Inteliquent business and other misleading financial
statements have prompted the firms to investigate possible breaches of
fiduciary duties and other violations of state law by Inteliquent officers and
directors. Based on our investigation, we are prepared to pursue litigation to
preserve the company and the value of Inteliquent stock for all shareholders,”
said shareholder rights attorney Patrick Powers.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial
transaction, and public advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
Powers Taylor LLP
Zachary Groover, 877-728-9607
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