| Company: | InfoSonics Corp. |
| Ticker Symbol: | AMEX: IFO |
| Class Period: | May 8, 2006 to June 12, 2006 |
| Date Filed: | Jun-13-06 |
| Lead Plaintiff Deadline: | Aug-10-06 |
| Court: | Southern District, CA |
| Allegations: |
A class action has been filed on behalf of purchasers of the securities of InfoSonics Corp. (AMEX: IFO) in the period from May 8, 2006, through June 12, 2006, inclusive. The lawsuit is pending in the United States District Court for the Southern District of California and names as defendants the company and certain of its ranking executives.
Throughout the relevant time period, according to the complaint, the defendants issued several statements which were false and misleading. Specifically, the complaint alleges that the company submitted a quarterly filing to the SEC and made statements to the general public regarding its financial condition that were false and misleading when made. In particular, it is alleged, the company improperly classified its previously issued warrants as derivative liability rather than equity, thereby artificially inflating its net income by over 33%.
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.
Throughout the relevant time period, according to the complaint, the defendants issued several statements which were false and misleading. Specifically, the complaint alleges that the company submitted a quarterly filing to the SEC and made statements to the general public regarding its financial condition that were false and misleading when made. In particular, it is alleged, the company improperly classified its previously issued warrants as derivative liability rather than equity, thereby artificially inflating its net income by over 33%.
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.
