Case: Ideanomics, Inc.
Venue: Southern District of New York
Class Period: 3/20/2020 - 6/25/2020
Lead Plaintiff /Deadline: 8/27/2020
/Contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

NEW YORK, NY – August 5, 2020 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Ideanomics, Inc. (“Ideanomics”) (NASDAQ: IDEX).  A complaint has been filed on behalf of investors that acquired the common stock of Ideanomics between March 20, 2020 and June 25, 2020, inclusive (the “Class Period”).

On June 25, 2020, Hindenburg Research issued a series of tweets stating that Ideanomics “is an egregious & obvious fraud” and that it found evidence that Ideanomics “doctored photos” in its press releases to suggest it owns or operates a vehicle sales center in Qingdao, China, when it does not.  Further, according to the complaint, Hindenburg Research had an investigator go to Ideanomics’ purported facility in Qingdao, China, where the investigator was unable to find any trace of Ideanomics or its purported Mobile Energy Global (MEG) Division.

On June 25, 2020, J Capital Research, also issued a report on Ideanomics, asserting that its “investigators have been unable to establish that IDEX has a showroom in Quingdao. . . .” 

Following this news, Ideanomics’ stock price fell approximately 53% over two trading days to close at $1.46 per share on June 26, 2020. 

If you are a member of the proposed Class, you may move the court no later than August 27, 2020 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by calling 646-315-9003.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, your rights, or your interests, please contact: 

Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
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