NEW YORK, Feb. 10, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC announces that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of Montage Technology Group Limited ("Montage" or the "Company") (NasdaqGS:MONT), during the period between September 25, 2013 and February 6, 2014, inclusive (the "Class Period").
The complaint charges Montage and certain of its executives with violations of federal securities laws. According to the lawsuit, Montage Technology issued materially false and misleading statements about its true financial condition by overstating revenue and earnings. On February 6, 2014, Gravity Research Group issued a report asserting, among others things, that: Montage Technology's largest distributor is a shell company used to fabricate the Company's financial results, and that the Company's largest customer is an undisclosed related party. The lawsuit claims that this adverse information caused the price of Montage Technology securities to drop, damaging investors.
Plaintiff seeks to recover damages on behalf of all Montage shareholders who purchased common stock during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. April 8, 2014 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.