CHINA MOBILE GAMES SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Loss...
June 23 2014 - 10:00PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until
August 19, 2014 to
file lead plaintiff applications in a securities class action
lawsuit against China Mobile Games and Entertainment Group Limited
(Nasdaq:CMGE), if they purchased the Company's securities during
the period between September 20, 2012 and June 19, 2014, inclusive,
including purchasers in the Company's public offering that closed
on March 26, 2014 (the "Class Period"). This action is pending in
the United States District Court for the Southern District of New
York.
What You May Do
If you purchased shares of China Mobile Games and would like to
discuss your legal rights and how this case might affect you and
your right to recover for your economic loss, you may, without
obligation or cost to you, call toll-free at 1-877-515-1850, or
email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com)
or KSF Partner Melinda Nicholson
(melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead
plaintiff in this class action, you must petition the Court by
August 19, 2014.
About the Lawsuit
China Mobile Games and certain of its executives are charged
with issuing a series of materially false and misleading statements
during the Class Period, violating federal securities laws.
On June 19, 2014, it was reported that nine senior executives at
China Mobile Games, including its president, were suspended due to
alleged involvement in a bribery scheme within its game publishing
business. Chinese internet news media reported that the misconduct
also involved undisclosed related party transactions with the
Company.
On this news, the price of the Company's shares plummeted by
over 22%.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers
with significant experience litigating complex securities class
actions nationwide on behalf of both institutional and individual
shareholders, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
Melinda Nicholson, Partner
melinda.nicholson@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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