Energy News / Shareholders Foundation, Inc.

AirMedia Group Inc (ADR) (NASDAQ:AMCN) Investor Investigation over Possible Securities Laws Violations

Via: ReleaseWire

Updated 7:15 AM CDT, Tue, May 05,2015

An investigation for investors in AirMedia Group Inc (ADR) (NASDAQ:AMCN) shares over potential securities laws violations by AirMedia Group Inc was announced and NASDAQ:AMCN stockholders should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 05/05/2015 -- An investigation on behalf of investors of AirMedia Group Inc (ADR) (NASDAQ:AMCN) shares over potential securities laws violations by AirMedia Group Inc and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of AirMedia Group Inc (ADR) (NASDAQ:AMCN) concerning 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.

AirMedia Group Inc reported that its annual Total Revenue declined from $272.27 million in 2013 to $252.48 million in 2014 and that its respective Net Loss increased from $10.63 million to $25.70 million.

Shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN) declined from $3.21 per share in November 2014 to as low as $1.84 per share in late March 2015.

Since then NASDAQ:AMCN shares increased from under $2 in March 2015 to as high as $5.23 per share on April 24, 2015.

Then on April 24, 2015, a report was published on AirMedia Group Inc, which asserts that the touted investment by Shenzhen Liantronics into AirMedia Group Inc was a sham transaction.

Shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN) declined on April 28, 2015, to $4.18 per share.

On May 1, 2015, NASDAQ:AMCN shares closed at $4.71 per share.

Those who purchased shares of AirMedia Group Inc (ADR) (NASDAQ:AMCN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/airmedia-group-inc-adr-nasdaqamcn-investor-investigation-over-possible-securities-laws-violations-596203.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com