InterCloud Systems Inc. (ICLD)

[stockzillla]

May 8, 2017

InterCloud Systems Files Lawsuit Against Former Auditor Grant Thornton As Company Seeks to Redress Damages Caused to Company and its Shareholders

NEW YORK, May 08, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (NASDAQ:ICLD), today announced the filing of a lawsuit against Grant Thornton in New York Supreme Court for breach of contract as well as fraudulent inducement in connection with their engagement as the auditors of the Company in 2015.

Mark Munro, CEO of InterCloud stated, "It is the Company’s position that Grant Thornton breached its obligations to the Company and the result thereof was a domino effect which included the delisting of InterCloud from the NASDAQ. The Company and its shareholders have been damaged by Grant Thornton’s conduct and redress is being sought accordingly."
https://globenewswire.com/news-release/2017/05/08/980119/0/en/InterCloud-Systems-Files-Lawsuit-Against-Former-Auditor-Grant-Thornton-As-Company-Seeks-to-Redress-Damages-Caused-to-Company-and-its-Shareholders.html