ATLANTA--(BUSINESS WIRE)--Holzer & Holzer, LLC is investigating whether China Mobile Games and Entertainment Group Limited (“CMGE” or the “Company”) (NASDAQ: CMGE) and/or certain of its officers complied with the federal securities laws. On June 19, 2014, Bloomberg reported that nine senior executives at CMGE, including its president, were suspended due to alleged involvement in a bribery scheme within its game publishing business. The Company has acknowledged that it is aware of the reports, and that its Board of Directors has authorized a committee of independent directors to investigate the matter. The price of CMGE stock declined significantly on the news, and trading was briefly halted on the NASDAQ exchange.
If you recently purchased CMGE common stock, particularly in connection with the Company’s secondary stock offering of March 24, 2014, and have suffered loss on that investment, you are encouraged to contact Holzer & Holzer, LLC and its attorney Marshall P. Dees, Esq. via email at email@example.com, or via toll-free telephone at (888) 508-6832, to discuss your legal rights.
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