Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In MOL Global, Inc. (MOLG) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at MOL Global, Inc. (“MOL Global” or the “Company”) (NasdaqGS: MOLG).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that MOL Global was experiencing significant accounting problems and would be unable to release its financial performance to shareholders.
On October 9, 2014, MOL Global stock opened for trading at $10.75 in its initial public stock offering (“IPO”). However, just over one month after the IPO on November 21, 2014, MOL Global announced that the Company had rescheduled the release of its third quarter 2014 financial results and that the Company’s Chief Financial Officer had resigned.
On this news, shares of MOL Global fell by over $4.77 per share, or more than 53%, on November 21, 2014 to close at $4.09.
If you invested in MOL Global stock or options in connection with the Company’s IPO and would like to discuss your legal rights, you can 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 MOL Global’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.