NEW YORK, Feb. 11, 2014 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased securities of Montage Technology Group Limited ("Montage" or the "Company") (Nasdaq:MONT) between September 25, 2013 and February 6, 2014, inclusive (the "Class Period").
The Complaint alleges that during the Class Period Defendants issued materially false and misleading statements about their true financial condition by overstating revenue and earnings. On February 6, 2014, Gravity Research Group issued a report asserting, among others things, that Montage's largest distributor is a shell company used to fabricate the Company's financial results, and that the Company's largest customer is an undisclosed related party.
If you wish to serve as lead plaintiff, you must move the Court no later than April 8, 2014. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at email@example.com or firstname.lastname@example.org.
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Source:Gainey McKenna& Egleston