NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at China Mobile Games and Entertainment Group Limited (“China Mobile” or the “Company”) (NASDAQ:CMGE).
On June 19, 2014, TheStreet.com reported that the president of China Mobile, along with 8 other executives, were removed from the Company in connection with allegations of bribery.
Following this news, the Company’s shares dropped $4.26, or over 22%, to close at $14.63 on June 19, 2014.
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If you invested in China Mobile stock prior to June 19, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/CMGE. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding China Mobile’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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