Recent Security Class Actions

Ideanomics Inc. Common Stock (NASDAQ: IDEX)

Company Name:Ideanomics Inc. Common Stock
Stock Symbol:NASDAQ: IDEX
Class Period Start:03/20/2020
Class Period End (inclusive):06/25/2020
Filing Deadline:08/27/2020

According to the Complaint, Ideanomics purports to be a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Ideanomics' MEG Center in Qingdao was not "a one million square foot EV expo center"; (ii) the Company had been using doctored or altered photographs of the purported MEG Center in Qingdao; (iii) the Company's electric vehicle business in China was not performing nearly as strong as Ideanomics had represented; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.