An investigation was announced for investors in NASDAQ:AMCN shares over potential securities laws violations by Airmedia Group Inc.
Investors who purchased shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by AirMedia Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 23, 2017, AirMedia Group Inc revealed that on May 18, 2017 it received a deficiency letter from The NASDAQ Stock Market, Inc. (“NASDAQ”), stating that AirMedia Group Inc was not in compliance with listing rules for failing to meet its deadline to file its annual report for the year ended December 31, 2016. Shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN) declined from $7.26 per share in June 2015 to $1.71 per share on May 23, 2017.
Those who purchased NASDAQ:AMCN shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
The post NASDAQ:AMCN Investor News: Investigation of AirMedia Group Inc announced appeared first on Ground Report.
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