NEW YORK, Aug. 9, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Inteliquent, Inc. ("Inteliquent" or the "Company") (NASDAQ: IQNT).
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The investigation focuses on whether Inteliquent and certain of its executives and/or directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 8, 2013, the Company revealed that it would be postponing an earnings call scheduled later that day as a result of an ongoing investigation by the Audit Committee of its Board of Directors regarding Inteliquent's financial forecasting practices.
Following this news, Inteliquent shares fell to close at $6.29 per share on August 8, 2013, a decline of $1.72 or over 21%.
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Take Action
If you invested in Inteliquent stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/IQNT. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.comor fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Inteliquent's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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