Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Sungy Mobile Limited
NEW YORK, Aug. 28, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Sungy Mobile Limited. ("Sungy Mobile" or the "Company") (NasdaqGM: GOMO -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at email@example.com or 212-697-6484.
The investigation focuses on whether the Company and certain of its executives violated federal securities laws.
On August 27, 2014, the Company reported earnings for the second quarter ended June 30, 2014 of RMB 0.58 per share, RMB 0.26 worse than the Capital IQ Consensus Estimate of RMB 0.84, and issued downside guidance for the third quarter of RMB 90-95 million versus the RMB 116.66 million Capital IQ Consensus Estimate. The Company also announced "that Mr. Winston Li has tendered his resignation as the chief financial officer of the Company, effective on August 31, 2014, due to personal reasons."
On this news, shares of Sungy Mobile fell $2.15 or 20.67% to trade at $8.25 during intraday trading on August 28, 2014.
If you are aware of any facts relating to this investigation, or purchased shares of Sungy Mobile, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
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 Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC