Shareholder rights law firm Johnson & Weaver, LLP reminds investors that they have until January 23, 2015 to file a motion seeking to be appointed lead plaintiff against MOL Global, Inc. (NASDAQ: MOLG). The complaint charges MOL Global, certain of its officers and directors and the underwriters of its IPO with violations of the Securities Act of 1933. MOL Global provides e-payment solutions for online goods and services in Southeast Asia.

If you purchased MOL Global securities between October 14, 2014, the date of MOL Global’s initial public offering (“IPO”), and December 1, 2014, we encourage you to contact our firm. The case is pending in the United States District Court for the Southern District of New York.

Additional Information about the Lawsuit:

On October 8, 2014, the SEC declared the Registration Statement for the IPO effective. The IPO was a success, with MOL Global issuing and selling more than 7.485 million ADSs of MOL Global to the public at $12.50 each, raising $93.6 million in gross proceeds and certain selling stockholders selling another more than 6 million ADSs, raising $75.2 million in gross proceeds.

The complaint alleges that under the rules and regulations governing the preparation of the Registration Statement, MOL Global was required to disclose at the time of the IPO that the Company lacked adequate financial reporting capabilities to timely and accurately report its financial results and forecasts, that it had misstated Revenue and Direct Cost and Other Ancillary Expenses in its Vietnam subsidiary, and that the shift from online to mobile gaming had decreased volumes in the Company’s online games portal, MMOG.asia, which decrease was being further compounded by technical delays in introducing and monetizing new mobile games on the Company’s platform. The Registration Statement, however, contained no such disclosures.

When the market learned the details stated above, the price of MOL Global ADSs fell. At the time of the filing of this action, MOL Global ADSs were trading below $2 each, a more than 85% decline from the IPO price.

Plaintiff seeks to recover damages on behalf of all purchasers of MOL Global securities traceable to the Registration Statement issued in connection with MOL Global’s October 14, 2014 IPO. If you wish to serve as a lead plaintiff, you must move the Court no later than January 23, 2015. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action, have any questions concerning this notice, or your rights or interests, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Johnson & Weaver, LLPJim Baker, 619-814-4471jimb@johnsonandweaver.com

Grafico Azioni MOL GLOBAL, INC. (NASDAQ:MOLG)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di MOL GLOBAL, INC.
Grafico Azioni MOL GLOBAL, INC. (NASDAQ:MOLG)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di MOL GLOBAL, INC.