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InterCloud Systems Files Lawsuit Against Former Auditor Grant Thornton
May. 08, 2017 08:31AM PST
Cloud InvestingInterCloud Systems (NASDAQ:ICLD) has announced the filing of a lawsuit against Grant Thornton in Supreme Court for a breach of contract in addition to fraudulent inducement. As quoted in the press release: Mark Munro, CEO of InterCloud stated, “It is the Company’s position that Grant Thornton breached its obligations to the Company and the result …
InterCloud Systems (NASDAQ:ICLD) has announced the filing of a lawsuit against Grant Thornton in Supreme Court for a breach of contract in addition to fraudulent inducement.
As quoted in the press release:
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.”
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