NEW YORK, Nov. 21, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of MOL Global, Inc. ("MOL Global" or the "Company") (NASDAQ: MOLG). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether MOL Global and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On November 20, 2014, the Company announced that it has rescheduled the date it plans to release its third quarter 2014 financial results to Wednesday, December 3, 2014 before market opens.
Additionally, the Company announced that Mr. Allan Wong, who joined the Company in August 2014, has tendered his resignation as the Group Chief Financial Officer of the Company, effective immediately, due to personal reasons.
On this news, shares of MOL Global fell $2.86 per share, or more than 32.28%, to $6.00 per share on November 21, 2014.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP