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Stock Market & Financial Investment News

News Breaks
March 28, 2014
08:04 EDTICLDIntercloud Systems refutes allegations made against the company
InterCloud Systems became aware last week of allegations made on a website known as the Southern Investigative Reporting Foundation, or SIRF, that the company purportedly paid certain people to write articles and make certain alleged misrepresentations about the company. InterCloud takes any such allegations seriously and so, in response, the company hired a former senior federal prosecutor with the SEC Division of Enforcement and tasked him with conducting an investigation to determine whether there is any truth to these allegations. As a result of this investigation, the company is now in a position to state that these allegations are wholly without merit. The Rosen Law Firm filed a complaint against the company based on these reckless allegations. The company has not been served with any complaint filed at this time. Four other law firms are actively soliciting plaintiffs to join a lawsuit. The company will vigorously defend itself in any lawsuit filed. InterCloud CEO Mark Munro stated, "Because of the seriousness of these allegations, we felt obligated to take the time necessary to investigate whether there was any substance to these claims. We are proud of the accomplishments we have made in offering important cloud solutions to the enterprise and service provider markets. We remain dedicated to completing our mission to make InterCloud one of the foremost cloud and managed service solution providers in the IT services market."
News For ICLD From The Last 14 Days
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July 18, 2014
17:20 EDTICLDIntercloud Systems files to sell 1.425M shares of common stock
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09:24 EDTICLDOn The Fly: Pre-market Movers
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08:08 EDTICLDIntercloud Systems announces over $23M in new business backlog for FY14
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July 17, 2014
07:23 EDTICLDRedChip Companies to hold a virtual conference
Global Online CEO Conference to be held on July 16-17 with webcasted presentations to begin on July 17 at 9:30 am. Webcast Link

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