SOURCE: Brower Piven, A Professional Corporation

February 20, 2009 21:02 ET

Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Intrepid Potash, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the April 20, 2009 Lead Plaintiff Deadline

BALTIMORE, MD--(Marketwire - February 20, 2009) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the District of Colorado on behalf of purchasers of the securities of Intrepid Potash, Inc. ("Intrepid Potash" or the "Company") (NYSE: IPI) pursuant to the Company's initial public offering on April 21, 2008 though February 11, 2009.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than April 20, 2009 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You may contact Brower Piven (through or 410/986-0036) to answer any questions you may have in that regard.

The complaint accuses the defendants of violations of the Securities Act of 1933 by virtue of the Company's failure to disclose during the Class Period that in the Registration Statement and Prospectus for the Company's initial public offering the educational credentials of the Company's President and Chief Operating Officer were affirmatively misrepresented. According to the complaint, on February 11, 2009, after the Company revealed that the Company's President and COO had misrepresented his educational credentials and was resigning, the value of Intrepid Potash's stock declined significantly.

If you have suffered a net loss for all transactions in Intrepid Potash, Inc. securities pursuant and/or traceable to the Company's initial public offering on April 21, 2008, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at, by email at, by calling 410-986-0036, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Contact Information

    Charles J. Piven
    Brower Piven, A Professional Corporation
    Baltimore, Maryland
    Email Contact