IDI INVESTOR ALERT: Investigation of IDI, Inc. Announced by The Law Offices of Howard G. Smith

Law Offices of Howard G. Smith announces an investigation on behalf of investors of IDI, Inc. (“IDI” or the “Company”) (NYSE MKT: IDI). The investigation focuses on whether the Company and its officers violated securities laws by issuing misleading information to investors. Law Offices of Howard G. Smith is preparing a lawsuit to recover damages on behalf of IDI investors.

According to a report published by seekingalpha on July 21, 2015, IDI failed to disclose that Chairman Michael Brauser has a “long track record of fraud lawsuits, bankruptcy and shareholder wipeouts,” including suits by Equifax accusing him of “fictitious receivables” and by Softbank accusing him of “various frauds.” The seekingalpha report further alleges that the Company is engaged in a potentially crippling civil action with Transunion that could render IDI stock worthless. On this news, shares of IDI fell by over 45% thereby damaging investors.

If you purchased or otherwise acquired IDI shares prior to July 21, 2015 and have suffered a loss of over $50,000, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], toll-free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.

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View source version on businesswire.com: http://www.businesswire.com/news/home/20150730006163/en/

Law Offices of Howard G. SmithHoward G. Smith, [e-mail]