The law firm of Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action has been filed against Montage Technology Group Limited (NASDAQ:MONT) in the United States District Court for the Southern District of New York. The complaint charges certain officers and directors in connection with violations of securities laws in regards to the recently disclosed allegations that the company may have issued materially misleading business and financial information to investors. If you purchased Montage Technology shares between September 25, 2013 and February 6, 2014, inclusive, please contact Wolf Haldenstein to discuss your rights.
On February 6, 2014, Gravity Research issued a comprehensive report asserting that Montage Technology has greatly exaggerated its true financial performance. The report asserts that the Shanghai, China based company’s largest distributor is actually a shell entity that is being used to falsify financial results, and that the Company’s largest customer is a related party. These allegations have led to a decline of nearly $7 per share in the price of Montage Technology since the initial release of the report.
Wolf Haldenstein has represented individual and institutional investors for many years, serving as lead counsel in numerous cases in Federal and State courts. Please visit the firm’s website at http://www.whafh.com for additional information regarding the firm.
Please contact Wolf Haldenstein immediately if you have incurred a loss in Montage Technology securities and wish to discuss this matter with us, or have any questions concerning your rights and interests:Gregory M. Nespole, Esq.Wolf Haldenstein Adler Freeman & Herz LLP270 Madison AvenueNew York, New York 10016 Phone Numbers:(800) 575-0735(212) 545-4657(917) 515-6161 Email: Classmember@whafh.com, Nespole@whafh.com, or Stone@whafh.com and please reference “Montage Technology Investigation.” Attorney Advertising. Prior results do not guarantee or predict a similar outcome.