A deadline is coming up on October 4, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased NASDAQ: MOLG shares between October 9, 2014 and November 21, 2014.
Investors who purchased a significant amount of shares of MOL Global Inc (NASDAQ: MOLG) between October 9, 2014 and November 21, 2014, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the MOL Global Inc (NASDAQ: MOLG) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/mol-global-inc-nasdaq-molg-investor-securities-class-action-lawsuit-11242014
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is October 4, 2016. The class action administrator for this case is Garden City Group LLC.
The lawsuit was originally filed in the U.S. District Court for the Southern District of New York against MOL Global Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between October 9, 2014 and November 20, 2014.
According to the complaint the plaintiff alleges on behalf of purchasers of MOL Global Inc (NASDAQ: MOLG) American Depositary Shares between October 9, 2014 and November 20, 2014, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between October 9, 2014 and November 20, 2014 defendants made allegedly false and/or misleading statements and/or failed to disclose to MOL Global Inc investors that MOL Global Inc was overstating the revenue and profit derived from MOL Global Inc’s business and operations, that MOL Global Inc’s actual business model could not sustain the growth trends described in the Offering Documents, that MOL Global Inc would not be able to report its third quarter 2014 financial results on November 21, 2014, as previously stated, and that as a result of the foregoing, MOL Global Inc’s financial statements were materially false and misleading at all relevant times.
Those who purchased NASDAQ: MOLG shares 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