CASES
IntraLinks Holdings, Inc.
Class Period: Feb 17, 2011 to Nov 10, 2011
Lead Plaintiff Deadline: Jan 3, 2012 + Deadline passed
Summary of Case:
A securities class action has been filed against IntraLinks Holdings, Inc. ("IntraLinks" or the"Company") on behalf of purchasers of the common stock of IntraLinks between February 17, 2011 and November 10, 2011, inclusive (the "Class Period"),. This case has been filed in the USDC - Ney York (Southern).
The Complaint alleges that during the Class Period, Defendants materially misled the investing public, thereby inflating the price of IntraLinks common stock, by publicly issuing false and misleading statements and omitting to disclose material facts necessary to make Defendants' statements, as set forth herein, not false and misleading. Said statements and omissions were materially false and misleading in that they failed to disclose material adverse information and misrepresented the truth about the Company, its business and operations, as alleged herein.
At all relevant times, the material misrepresentations and omissions particularized in this Complaint directly or proximately caused or were a substantial contributing cause of the damages sustained by plaintiff and other members of the Class. As described herein, during the Class Period, defendants made or caused to be made a series of materially false or misleading statements about IntraLinks' business, prospects and operations. These material misstatements and
omissions had the cause and effect of creating in the market an unrealistically positive assessment of IntraLinks and its business, prospects and operations, thus causing the Company's common stock to be overvalued and artificially inflated at all relevant times. Defendants' materially false and misleading statements during the Class Period resulted in Plaintiff and other members of the Class purchasing the Company's common stock at artificially inflated prices, thus causing the damages complained of herein.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.