MOL GLOBAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Ex...
16 Enero 2015 - 9:00PM
Business Wire
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.
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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