DENVER, Feb. 21, 2009 (GLOBE NEWSWIRE) -- Dyer & Berens LLP (www.DyerBerens.com) today announced that a class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of investors who purchased or otherwise acquired of the securities of Intrepid Potash, Inc. ("Intrepid Potash" or the "Company") (NYSE:IPI) pursuant to the Company's initial public offering ("IPO") on April 21, 2008 through February 11, 2009 (the "Class").
If you are a member of the proposed Class, you may, no later than April 20, 2009, request that the court appoint you as a lead plaintiff. A lead plaintiff is a Class member that acts on behalf of other investors in directing the litigation. Although your ability to share in any recovery is not affected by your decision to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for the Class.
For a free consultation regarding your rights and interests with respect to the pending lawsuit, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362, (303) 861-1764 or via email at jeff@dyerberens.com.
The complaint accuses the defendants of violations of the Securities Act of 1933 by virtue of their false statements in the Company's Registration Statement and Prospectus regarding the educational credentials of the Company's President and COO. According to the complaint, on February 11, 2009, after the Company revealed that its President and COO had misrepresented his educational credentials and was resigning, the price of Intrepid Potash's securities declined significantly.
Although at this time, Dyer & Berens LLP has not filed a complaint in this matter, it specializes in complex class action litigation on behalf of injured investors in Colorado throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.