Pomerantz Law Firm has filed a Class Action Against Inteliquent, Inc. and... -- NEW YORK, Aug. 9, 2013 /PRNewswire/ -- NEW YORK, Aug. 9, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP has filed a class action lawsuit against Inteliquent, Inc. ("Inteliquent" or the "Company") (NASDAQ: IQNT) and certain of its officers. The class action, filed in United States District Court, Northern District of Illinois, and docketed under 1:13-cv-05701, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of Inteliquent between May 7, 2012 and August 7, 2013 both dates inclusive (the "Class Period"). If you are a shareholder who purchased Inteliquent securities during the Class Period, you have until October 8, 2013 to ask the Court to appoint you as Lead Plaintiff for the class. Inteliquent provides tandem interconnection services. The Company provides its services to carriers and service providers, including wireless, wireline, cable telephony and Voice over Internet Protocol companies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company overstated the impairment of goodwill, intangibles and long-lived assets; (2) the Company had improper financial forecasting practices; (3) the Company lacked adequate internal and financial controls; and (4) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times. On August 8, 2013, the Company disclosed that, during the second quarter of 2013, "the Company began an internal investigation of whether such impairment charge was overstated," as well as into the Company's forecasting practices during the fourth quarter of 2012 and the first quarter of 2013. On this news, Inteliquent securities declined $1.72 per share or over 21%, to close at $6.29 per share on August 8, 2013.