NEW YORK, Feb. 25, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Montage Technology Group Limited ("Montage" or the "Company") (Nasdaq:MONT) common stock between September 25, 2013 and February 6, 2014.
Click here to learn more about the action http://zlk.9nl.com/montage-technology-group-mont, or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that Montage and certain of its executives violated federal securities laws by issuing materially false and misleading statements regarding the Company's true financial condition. On February 6, 2014, Gravity Research Group issued a report asserting, among others things, that one of Montage Technology's largest distributors is a shell company used to fabricate the Company's financial results, and that the Company's largest customer is an undisclosed related party.
If you suffered a loss in Montage you have until April 8, 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/montage-technology-group-mont.
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. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.