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WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired the stock of IntraLinks Holdings, Inc. (aIntraLinksa or the aCompanya) (NYSE: [ IL ]) between February 17, 2011 and November 10, 2011, inclusive (the aClass Perioda) alleging violations of the Securities Exchange Act of 1934 (the aComplainta).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact [ Timothy J. MacFall, Esquire ] or [ Noah R. Wortman, Case Development Director ] of Rigrodsky & Long, P.A., 919 North Market Street, Suite 980 Wilmington, Delaware, 19801 at (888) 969-4242, by e-mail to [ info@rigrodskylong.com ], or at: [ http://investigations.rigrodskylong.com/intralinks-holdings-inc-il/ ].

IntraLinks, together with its subsidiaries, provides software-as-a-service (SaaS) solutions for securely managing content, exchanging critical business information, and collaborating within and among organizations worldwide.

The Complaint names Cooper and certain of the Companyas directors and officers as defendants. The Complaint alleges that during the Class Period, defendants made materially false and misleading statements concerning its business and prospects. Specifically, it is alleged that defendants failed to disclose that it was experiencing a slowdown in its Enterprise business segment.

On May 11, 2011, IntraLinks issued a press release announcing its financial results for the first quarter of 2011 wherein it reduced its Full Year 2011 income projection to $17 to $19 million from $21 to $23 million. That same day, the Company held a conference call wherein it disclosed for the first time that a large Enterprise customer was dramatically reducing its use of IntraLinksa products going forward and that the Company was reducing its earnings expectations as a result.

In response to the foregoing news, IntraLinkas shares reacted by falling to a close of $20.22 per share on May 11, 2011 from the previous dayas close of $29.99 per share.

On August 10, 2011, IntraLinks issued a press release announcing its financial results for the second quarter of 2011 wherein it reported revenues and earnings in line with its guidance, but reduced its outlook for the third quarter of 2011. That same day, the Company held another conference call and disclosed that the United States Securities and Exchange Commission had served it with a subpoena seeking Company documents dating back to January 1, 2011.

As a result, IntraLinks stock fell almost 50% to close at $6.64 per share on extremely heavy trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than February 4, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class memberas claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

While [ Rigrodsky & Long, P.A. ] did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, [ regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation ], including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.