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
info@bgandg.com 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 info@bgandg.com. 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.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC