SAN DIEGO, March 18, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline to get actively involved is coming up on April 8 2014 in the lawsuit filed on behalf of certain investors in shares Montage Technology Group Ltd (MONT) over alleged Securities Laws Violations by Montage Technology Group Ltd.
If you purchased a significant amount of shares of Montage Technology Group Ltd (MONT) between September 26, 2013 and February 6, 2014, and / or if you purchased MONT shares on January 29, 2014, you have certain options and you should contact the Shareholders Foundation before March 14, 2014 at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that between September 26, 2013 and February 6, 2014 defendants issued allegedly materially false and misleading statements regarding Montage Technology Group's operations and business and its financial results and that as a result of defendants' statements, Montage Technology Group's securities traded at artificially inflated prices between September 26, 2013 and February 6, 2014, with its stock price reaching a high of $25.63 per share on January 17, 2014.
On February 6, 2014, a report was published that claimed that Montage Technology Group Ltd grossly overstated its revenue. Specifically, the report asserts Montage Technology's largest distributor was a shell company which was used to help fabricate the Company's financial statements. Shares of Montage Technology Group Ltd declined from as high as $25.63 per share in January 2013 to as low as $13.52 per share on Feb. 7, 2014.
Plaintiff seeks to recover damages on behalf of all purchasers of Montage Technology Group Ltd publicly traded securities between September 26, 2013 and February 6, 2014.
Those who purchased shares of Montage Technology Group Ltd have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.