NEW YORK, May 02, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against Momo Inc. (NASAQ: MOMO). Our investigation concerns whether Momo has violated the federal securities laws and/or engaged in other unlawful business practices.
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On April 29, 2019, Momo disclosed that the company had been made aware that certain mobile app stores in China had removed the Tantan mobile app as ordered by Chinese governmental authorities. Momo has announced that it plans to conduct a “comprehensive internal review of the content in the Tantan mobile app and undertake other measures necessary to stay in full compliance with all relevant laws and regulations.”
On this news, Momo’s share price fell by more than 6%, closing at $34.36 on April 29, 2019.
If you purchased or otherwise acquired Momo American Depository Shares (“ADSs”) and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Momo please go to http://www.bespc.com/momo/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com