NEW YORK, Nov. 21, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating claims on behalf of investors of MOL Global, Inc. (Nasdaq: MOLG) ("MOL" or the "Company"). The investigation focuses on certain statements issued by MOL regarding the Company's financial results.
On October 9, 2014, Malaysia based MOL Global stock opened for trading at $10.75 in its initial public stock offering (the "IPO"). However, just several weeks after its IPO, on November 21, 2014, MOL Global announced that the Company had rescheduled the date it planned to release its third quarter 2014 financial results and that the Company's Chief Financial Officer had resigned.
On this news the MOL Global's stock plummeted approximately 50%, falling to $4.52 per share in intraday trading.
If you purchased shares of MOL, and have suffered a loss of at least (US) $100,000 from your investment in MOL common stock and would like to learn more about this investigation and your ability to potentially recover your losses, please contact us either by email at [email protected] or by telephone at (800) 511-7037 or visit our website at www.tripplevy.com.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, have recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America."
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SOURCE Tripp Levy PLLC