Science & Technology
Mon, January 23, 2012
LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that all persons or entities who purchased the common stock of IntraLinks Holdings, Inc. (aIntraLinksa or the aCompanya) (NYSE:IL) between February 17, 2011 and November 10, 2011, inclusive (the aClass Perioda) have until February 3, 2012 to file a motion with the Court to be appointed as Lead Plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Southern District of New York.
IntraLinks, together with its subsidiaries, provides software-as-a-service solutions for securely managing content, exchanging critical business information, and collaborating within and among organizations worldwide. The Complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, and names as defendants IntraLinks and certain of the Companyas executive officers. Plaintiff alleges that during the Class Period defendants made materially false and misleading statements concerning IntraLinksa business and prospects. Specifically, the Complaint alleges that defendants failed to disclose that the Company was experiencing a slowdown in its Enterprise business segment.
Any person or group who suffered a loss as a result of purchasing IntraLinks common stock between February 17, 2011 and November 10, 2011, may ask the Court to be appointed as Lead Plaintiff, but must file a motion no later than the February 3, 2012 deadline. To be a member of the class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ], or visit our website at [ http://www.glancylaw.com ].
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
