BALA CYNWYD, Pa., March 24, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that a class action lawsuit has been commenced in USDC for the Southern District of New York on behalf of investors who purchased Montage Technology Group Limited ("Montage" or the "Company") (Nasdaq: MONT) common stock between September 25, 2013 and February 6, 2014.
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The Complaint alleges that Montage and certain of its executives violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements. On February 6, 2014, Gravity Research Group issued a report alleging that one of Montage's largest distributors is a shell company used to fabricate the Company's financial results, and that the Company's largest customer is an undisclosed related party. Accordingly, Montage's stock has suffered substantial losses. Montage shareholders have only until April 8, 2014 to request the Court to be appointed as a lead plaintiff.
If you own shares of Montage common stock and wish to discuss the legal ramifications of the litigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/733-mont-montage-technology-group-limited.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Law Office of Brodsky & Smith, LLC