|[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 email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
Attorney Advertising. Prior results do not guarantee a similar outcome.
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