NEW ORLEANS, July 5, 2007 (PRIME NEWSWIRE) -- Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of Inphonic, Inc. ("Inphonic" or the "Company") (Nasdaq:INPC) who purchased shares of the Company between August 2, 2006 and May 3, 2007 (the "Class Period") have ONLY 1 DAY, or until July 6, 2007 to move for appointment as Lead Plaintiff in a securities class action lawsuit currently pending in the United States District Court for the District of Columbia. No class has yet been certified in this action.
IF YOU PURCHASED SHARES OF INPHONIC AND LOST MONEY ON YOUR TRANSACTIONS, KGS LAWYERS ARE AVAILABLE NOW TO DISCUSS YOUR LEGAL RIGHTS. YOU MAY IMMEDIATELY REACH LEWIS KAHN, KGS MANAGING PARTNER, VIA CELL 504.301.7900 OR VIA EMAIL LEWIS.KAHN@KGSCOUNSEL.COM.
Inphonic and certain of its officers and directors are charged with issuing a series of materially false and misleading statements in violation of Section 10(b) and 20(a) of the Securities Exchange Act and Rule 10b-5 promulgated thereunder, as it relates to fiscal year 2006 financial results. For further information on KGS, please visit www.kgscounsel.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca.