SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ipsidy Inc. - AUID

1/23, 6:50 PM (Source: GlobeNewswire)

NEW YORK, Jan. 23, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Ipsidy Inc. (“Ipsidy” or the “Company”) (NASDAQ: AUID). Such investors are advised to contact Robert S. Willoughby at or 888-476-6529, ext. 7980.

The investigation concerns whether Ipsidy and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

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.”

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See


Robert S. Willoughby
Pomerantz LLP
888-476-6529 ext. 7980

Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.