NEW YORK, Sept. 21, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Inteliquent, Inc. ("Inteliquent" or the "Company") (NASDAQ: IQNT). Such investors are advised to contact Peretz Bronstein or his investor relations analyst Yael Hurwitz at [email protected] or 212-697-6484.
The investigation concerns whether Inteliquent and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 2, 2016, pre-market, Inteliquent filed Form 8-K current report with the U.S. Securities and Exchange Commission reporting its second quarter 2016 results. Inteliquent missed its profit expectations and lowered revenue guidance to the range of $360 million to $370 million, from a previous guidance between $370 million to $390 million. The Company also lowered its EBITDA prediction to the range of $80 million to $85 million, down from a previous prediction of $82 million - $92 million. Following this news, Inteliquent stock dropped $4.29 per share, or 20.54%, to close at $16.60 on August 2, 2016. Then on September 19, 2016, post-market, Inteliquent stated that its Chief Financial Officer, Kurt Abkemeier, resigned effective September 23, 2016. Following this news, Inteliquent stock dropped $1.37 per share, or 8.2%, to close at $15.34 on September 20, 2016.
If you are aware of any facts relating to this investigation, or purchased shares of Inteliquent, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/iqnt. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
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