HARTFORD, Conn., Feb. 11, 2014 (GLOBE NEWSWIRE) -- Shepherd, Finkelman, Miller & Shah, LLP (http://www.sfmslaw.com; e-mail: ktang@sfmslaw.com), a law firm with offices in California, Connecticut, Florida, New York, New Jersey, Pennsylvania and Wisconsin, as well as affiliate/international network offices throughout the world, announces that it is investigating possible securities law violations committed by Montage Technology Group Limited ("Montage" or the "Company") and its officers and/or directors.
On February 6, 2014, Gravity Research issued a report alleging that Montage has grossly overstated its revenue to investors since 2011. The report details Montage's use of a shell company to attribute profits, as well as other steps to misrepresent the Company's financial performance. (http://gravityresearchgroup.com/report/MONT%20Initiating%20Coverage%20Report.pdf)
Following the release of the report, the share price of Montage fell from $21.21 to $15.72, or more than 25%, in the course of two days.
If you are a current or former shareholder of Montage and would like more information about your rights, or have information pertaining to this investigation, please contact Kolin C. Tang by email (ktang@sfmslaw.com) or telephone (toll-free at 1-866-540-5505). There is no cost or obligation to you related to this consultation.
Shepherd, Finkelman, Miller & Shah, LLP is a law firm that represents investors, including institutions and individuals, in class action and corporate governance matters throughout the country. SFMS has been appointed lead counsel in a number of class action proceedings and has recovered hundreds of millions of dollars for our clients in such matters.
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