Ipsidy Inc. (AUID)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ipsidy Inc. (“Ipsidy” or the “Company”) (NASDAQ: AUID). Investors who purchased Ipsidy shares are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Ipsidy and certain of its officers and/or directors have violated federal securities laws.
On December 16, 2021, the short seller White Diamond Research (“White Diamond”) published a report on Ipsidy that accused the Company of misleading investors by claiming to be a “pure-play SaaS [software as a service] business” despite the fact that “[n]one of its revenues have been from its SaaS product . . . and 70% are from low tech, legacy businesses.” The White Diamond report alleged, among other things, that Ipsidy’s revenues “aren’t from its identify verification application” and that the Company’s “REAL businesses are of selling plastic cards in South Africa and leasing bus ticket kiosks in Colombia.”
If you are aware of any facts relating to this investigation or purchased Ipsidy shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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.