NEW YORK, Aug. 8, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased China Mobile Games and Entertainment Group Limited ("China Mobile" or the "Company") (Nasdaq: CMGE ) securities between September 20, 2012 and June 19, 2014.
For more information, click here: http://zlk.9nl.com/china-mobile-games-entertainment-cmge .
The complaint alleges that during the Class Period the Company issued false and/or misleading statements and failed to disclose material adverse facts. In particular it is alleged that the Company failed to disclose or made material false statements regarding the Company's engagement in a bribery scheme within its game publishing business, undisclosed related party transactions, and inadequate internal controls.
On June 14, 2014, China Mobile disclosed the suspension of nine senior executives, including its President.
If you suffered a loss in China Mobile you have until August 19, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/china-mobile-games-entertainment-cmge .
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
