BOCA RATON, FL--(Marketwired - Feb 20, 2014) - Saxena White P.A. has filed a securities fraud class action lawsuit in the United States District Court for the Southern District of New York against Montage Technology Group Limited ("Montage" or the "Company") (
Montage provides analog and mixed-signal semiconductor solutions. The Company specializes in analog and radio frequency solutions, digital signal processors and high speed interfaces.
The complaint brings forth claims for violations of the Securities Exchange Act of 1934 and alleges that Montage issued materially false and misleading statements about its 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. The lawsuit claims that this adverse information caused the price of Montage securities to drop, damaging investors.
If you purchased Montage stock between September 26, 2013 and February 6, 2014, inclusive, you may contact Lester Hooker (firstname.lastname@example.org) at Saxena White P.A. to discuss your rights and interests.
If you purchased Montage common stock during the Class Period of September 26, 2013 through February 6, 2014, and wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the Court no later than April 8, 2014. You may contact Saxena White P.A. to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. Please note that you may also retain counsel of your choice and need not take any action at this time to be a class member.
Saxena White P.A., located in Boca Raton, specializes in prosecuting securities fraud and complex class actions on behalf of institutions and individuals. Currently serving as lead counsel in numerous securities fraud class actions nationwide, the firm has recovered hundreds of millions of dollars on behalf of injured investors and is active in major litigation pending in federal and state courts throughout the United States.