Faruqi & Faruqi, LLP is Investigating IDT Corporation on Behalf of its Shareholders - IDT

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Jul 08, 2013, 09:00 ET

NEW YORK, July 8, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and the enforcement of federal antitrust laws, is investigating potential claims against the Board of Directors of IDT Corporation ("IDT" or the "Company") (NYSE: IDT) concerning possible breaches of fiduciary duty and other violations of state law.

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The investigation concerns unwarranted executive compensation and several related party transactions involving IDT's Chief Executive Officer and Controlling Shareholder, Howard Jonas. Shareholders interested in seeking to recover damages on behalf of IDT and to implement corporate governance measures designed to prevent future misconduct should contact the firm.

Request more information now by clicking here: www.faruqilaw.com/IDT

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action and derivative litigation. The firm is focused on providing exemplary legal services in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.

If you hold IDT shares and you would like to discuss your legal rights, visit www.faruqilaw.com/IDT. You can also contact us by calling Michael J. Hynes free at 877-247-4292 or at 215-277-5770 or by sending an e-mail to [email protected].

Contact:

Faruqi & Faruqi, LLP
Michael J. Hynes, Esq.
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Telephone: (877) 247-4292 or (215) 277-5770
E-mail: [email protected]

(NYSE: IDT)

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