Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Montage Technology Group Limited
WAYNE, Pa., Feb. 10, 2014 /PRNewswire/ -- Ryan & Maniskas, LLP announces that a class action lawsuit 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") (NASDAQ: MONT) during the period between September 25, 2013 and February 6, 2014, inclusive (the "Class Period").
If you purchased shares of Montage and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/mont. You may also email Mr. Maniskas at firstname.lastname@example.org.
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.
If you are a member of the class, you may, no later than April 8, 2014, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
SOURCE Ryan & Maniskas, LLP