U.S. markets close in 1 hour 24 minutes
  • S&P 500

    4,229.80
    -53.94 (-1.26%)
     
  • Dow 30

    33,714.87
    -284.17 (-0.84%)
     
  • Nasdaq

    12,709.21
    -256.13 (-1.98%)
     
  • Russell 2000

    1,957.23
    -43.50 (-2.17%)
     
  • Crude Oil

    90.41
    -0.09 (-0.10%)
     
  • Gold

    1,763.00
    -8.20 (-0.46%)
     
  • Silver

    19.01
    -0.45 (-2.31%)
     
  • EUR/USD

    1.0046
    -0.0046 (-0.45%)
     
  • 10-Yr Bond

    2.9790
    +0.0990 (+3.44%)
     
  • GBP/USD

    1.1826
    -0.0107 (-0.89%)
     
  • USD/JPY

    136.7700
    +0.9080 (+0.67%)
     
  • BTC-USD

    21,386.89
    -1,900.77 (-8.16%)
     
  • CMC Crypto 200

    508.14
    -33.47 (-6.18%)
     
  • FTSE 100

    7,550.37
    +8.52 (+0.11%)
     
  • Nikkei 225

    28,930.33
    -11.77 (-0.04%)
     

ONGOING INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Ipsidy Inc. with Losses of $100,000 to Contact the Firm

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

LOS ANGELES, Dec. 31, 2021 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ipsidy Inc. ("Ipsidy" or "the Company") (NASDAQ: AUID) for violations of the securities laws.

(PRNewsfoto/The Schall Law Firm)
(PRNewsfoto/The Schall Law Firm)

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ipsidy is the subject of a research report published by White Diamond Research on December 16, 2021. The report alleges that the Company's claims of being a "pure-play SaaS [software as a service] business" are misleading, as "[n]one of its revenues have been from its SaaS product . . . and 70% are from low tech, legacy businesses." The report claims that the Company's revenues "aren't from its identity verification application" and that its "REAL businesses are of selling plastic cards in South Africa and leasing bus ticket kiosks in Colombia."

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com

Cision
Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/ongoing-investigation-alert-the-schall-law-firm-encourages-investors-in-ipsidy-inc-with-losses-of-100-000-to-contact-the-firm-301452099.html

SOURCE The Schall Law Firm