ATLANTA--(BUSINESS WIRE)--Holzer & Holzer, LLC is investigating whether AirMedia Group, Inc. (“AirMedia” or the “Company”) (NASDAQ: AMCN) and/or certain of its officers complied with the federal securities laws when making public statements regarding the Company’s business and prospects. On June 15, 2015, AirMedia announced entry into a definitive agreement to sell 75 percent of its advertising business for $344 million (RMB 2.1 billion). The price of its stock fell dramatically following the announcement, which indicated a previously announced potential deal with Shenzhen Liantronics Co. was terminated.
If you purchased AMCN common stock between April 14, 2015 and June 15, 2015 and lost money on that investment, you are encouraged to contact Holzer & Holzer, LLC and its attorneys Corey D. Holzer, Esq. via email at firstname.lastname@example.org, or Marshall P. Dees, Esq. via email at email@example.com, or via toll-free telephone at (888) 508-6832, to discuss your legal rights.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.