BigClassActions.com
Advertisement

Intrepid Potash, Inc. IPI Securities Stock Fraud

- by

Company: Intrepid Potash, Inc.
Ticker Symbol: IPI
Class Period: Apr-21-08 to Feb-11-09
Date Filed: Feb-20-09
Lead Plaintiff Deadline: Apr-21-09
Court: District of Colorado
Allegations:
A lawsuit seeking class action status has been filed in the United States District Court for the District of Colorado on behalf of those who purchased or otherwise acquired the securities of Intrepid Potash, Inc. (NYSE: IPI) ("Intrepid Potash" or the "Company") pursuant to the Company's Initial Public Offering (the "IPO") on April 21, 2008 through February 11, 2009 (the "Class Period").

The Complaint charges that Intrepid Potash, and certain of its officers and directors, violated federal securities laws. Specifically, the Prospectus and Registration Statement (collectively the "Registration Statement") filed with the Securities and Exchange Commission in connection with the Company's IPO, contained false statements and failed to disclose the following: (i) the Company's President and Chief Operating Officer ("COO") had not received a B.A. degree from the University of Colorado or a M.S. degree from Loyola Marymount University, as represented in the Registration Statement; and (ii) the Company's President and COO had misrepresented his academic credentials in violation of the Company's Code of Business Conduct.

On February 11, 2009 the Fraud Discovery Institute issued a report revealing that the Company's President and COO had affirmatively lied and misrepresented his educational qualifications in the Registration Statement issued in connection with Intrepid Potash's IPO. On this news, the Company's stock declined $1.52 per share to close at $22.00 per share on February 11, 2009.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Intrepid Potash, Inc. IPI Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Intrepid Potash, Inc. securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

Maybe it's your stockbroker

Add Your Comment on This Issue

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.

*Your Comment:
Request Legal Help