NEW YORK, May 23, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of AirMedia Group, Inc. ("AirMedia" or the "Company") (NASDAQ: AMCN). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/amcn.
The investigation concerns whether AirMedia and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 23, 2017, AirMedia revealed that on May 18, 2017 it received a deficiency letter from The NASDAQ Stock Market, Inc. ("NASDAQ"), stating that the Company was not in compliance with listing rules for failing to meet its deadline to file its annual report for the year ended December 31, 2016. Following this news, AirMedia stock has dropped as much as $0.22 per share or 11.00% during intraday trading on May 23, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of AirMedia, you can assist this investigation by visiting the firm's site: www.bgandg.com/amcn. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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