INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against China Mo...
29 Luglio 2014 - 5:00PM
Business Wire
Law Offices of Howard G. Smith reminds investors that all
purchasers of the American Depositary Shares of China Mobile Games
and Entertainment Group Limited (“China Mobile Games” or the
“Company”) (NASDAQ:CMGE) between September 20, 2012 and June 19,
2014, inclusive (the “Class Period”) have until August 19, 2014, to
file a motion to be appointed as lead plaintiff in the shareholder
lawsuit.
China Mobile Games, through its subsidiaries, develops and
publishes social games and single-player mobile games primarily in
the People’s Republic of China. The Complaint alleges that
defendants issued false and/or misleading statements about China
Mobile Games’ business and operations, and failed to disclose
material adverse facts; specifically, (1) a bribery scheme within
the Company’s game publishing business; (2) undisclosed related
party transactions; and (3) that the Company’s internal controls
were inadequate.
On June 19, 2014, China Mobile Games disclosed that it had
suspended nine senior executives, including the Company’s
president. According to a report published by Bloomberg, nine
senior managers were suspended, including President Shuling Ying,
in connection with alleged involvement in “bribery with game
developers.”
If you are a member of the Class described above, you may move
the Court no later than August 19, 2014, to serve as lead
plaintiff, if you meet certain legal requirements. To be a member
of the Class, you need not take any action at this time; you may
retain counsel of your choice or take no action and remain an
absent member of the Class. If you wish to learn more about this
action, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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