MOL GLOBAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Ex...
2015年1月11日 - 12:00PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until
January 23, 2015 to
file lead plaintiff applications in a securities class action
lawsuit against MOL Global, Inc. (Nasdaq:MOLG) if they purchased
the Company's American Depositary Shares between the October 9,
2014 date of MOL Global's initial public offering ("IPO") and
November 20, 2014, inclusive (the "Class Period"). This action is
pending in the United States District Court for the Southern
District of New York.
What You May Do
If you purchased shares of MOL Global and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by January 23, 2015.
About the Lawsuit
MOL Global and certain of its executives are charged with
failing to disclose material information in connection with the IPO
and during the Class Period, violating federal securities laws.
Less than two months after the IPO, on November 20, 2014, MOL
Global announced that the Company has rescheduled the date it plans
to release its third quarter 2014 financial results to December 3,
2014. MOL Global also announced that its Chief Financial Officer,
who joined MOL Global in August 2014, has tendered his resignation,
effective immediately.
On this news, the price of MOL Global's shares plummeted by more
than 60% from the IPO price.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers
with significant experience litigating complex securities class
actions nationwide on behalf of both institutional and individual
shareholders, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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