The Shareholders Foundation announces that an investigation on behalf of investors of AirMedia Group Inc (ADR) (NASDAQ:AMCN) shares was initiated over potential securities laws violations by AirMedia Group Inc and certain of its directors and officers.
Investors who purchased shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of AirMedia Group Inc (ADR) (NASDAQ:AMCN) concerning whether a series of statements by AirMedia Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 24, 2015, a report was published on AirMedia Group Inc, which asserts that the touted investment by Shenzhen Liantronics into AirMedia Group Inc was a sham transaction. Shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN) declined on April 28, 2015, to $4.18 per share.
On May 12, 2015, NASDAQ:AMCN shares closed at $4.27 per share.
Those who purchased shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com