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TMCNet:  EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against China Mobile Games and Entertainment Group Limited

[June 19, 2014]

EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against China Mobile Games and Entertainment Group Limited

NEW YORK --(Business Wire)--

The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against China Mobile (News - Alert) Games and Entertainment Group Limited (NASDAQ:CMGE) resulting from allegations that the Company's executives may have been involved in a bribery scheme.

China Mobile Games is the largest publisher and a leading developer of mobile games in China. On June 19, 2014, Bloomberg (News - Alert) reported that the Company disclosed in a conference call that it had suspended nine senior executives, including its President Ying Shuling. The suspension was related to alleged involvement in bribing game developers.

On this news, shares of China Mobile Games fell $4.26 per share, or more than 22, to close at $14.63 per share on June 19, 2014, damaging investors. On that same day, NASDAQ halted trading in China Mobile Games for "additional information requested" from the Company at a last price of $14.63 until the Company fully satisfied NASDAQ's request.


The Rosen Law Firm is preparing a class action lawsuit on behalf of China Mobile Games investors. If you purchased China Mobile Games securities prior to June 19, 2014, you may visit the website at http://rosenlegal.com to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.


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