Below, you will find the lastest news headlines concerning Imergent aka Storesonline.
As of March 11, 2005 the State of Texas Attorney General's office announced no intentions of settling their case against Imergent/Storesonline out of court...A spokesman for the AG stated. It looks as though Texas vs Imergent/Storesonline and the litigants against them will finally have their day in court.
Also, there have been two other Law Firms throwing their hats in the ring joining approximately 10 other firms in upcoming Shareholder Class Action Lawsuits.
iMergent, Inc. Hit With Class Action Lawsuit Filed by Shalov Stone & Bonner LLP
Market Wire (Fri 2:16pm)
Milberg Weiss Announces the Filing of a Class Action Suit Against iMergent, Inc., and Certain of Its Officers and Directors on Behalf of Investors
Business Wire (Fri 11:09am)
Furthermore, it is reported in a forum found in Yahoo Finance that Stocklemon.com has had a defamation lawsuit filed against them by none other than Donald Danks the CEO of Imergent. The suit alleges slandar and liabelous statements made in a serious of articles found at the defendents website was cause for this action. The webmaster of the alleged offending website claims they can document each bullet point with facts...sources from the website has said.
If you would like to expand your voices to other venues and make your stories have meaningful impact, it is suggested you join the forum at Yahoo Finance. You can find the forum by entering Imergent's stock ticker symbol IIG in the search box. You can also find other forums by visiting various Stock Market type sites.
I have personally witnessed the price of this company's stock beginning to plummet quite rapidly as major shareholders and institutional holding begin to bail out of this company. It is the opinion of this reporter that there seems to be significant progress in bringing Imergent/Storesonline into accountability.
In conclusion, my best and most thoughtful advice to those reading this is...Don't give up the fight. It looks like victory is emminent.
Silverstar Consumer Advocate Reporter