NEW YORK, June 19, 2014 /PRNewswire/ --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 rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding China Mobile's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
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FARUQI & FARUQI, LLP
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