SOURCE: Goldfarb Branham LLP

Goldfarb Branham LLP

August 25, 2011 18:48 ET

Goldfarb Branham Law Firm LLP Announces Motricity, Inc. Securities Class Action for Shareholders

DALLAS, TX--(Marketwire - Aug 25, 2011) - Goldfarb Branham LLP announced a class action against Motricity, Inc. (NASDAQ: MOTR) concerning violations of shareholder protection laws by allegedly inflating the stock through distorted and false statements in addition to potential insider trading. Concerned MOTR investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or about their rights and remedies.

"According to the lawsuit filed in the Western District of Washington, Motricity officers began issuing statements in June of 2010 that did not accurately reflect material facts about the effect of the industry's rapidly growing competition on the company's stagnating growth rate," securities lawyer Hamilton Lindley said. "Furthermore, MOTR's CEO and senior executives have been accused of orchestrating an $11 million insider trading scheme that has had devastating effects on the company's performance. Our proposed lawsuit seeks to right these illicit actions and provide a remedy to Motricity shareholders."

Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. MOTR investors -- or anyone with knowledge about this situation -- should contact lawyer Hamilton Lindley at or 877-583-2855.

Contact Information

  • Hamilton Lindley
    Goldfarb Branham LLP
    2501 N. Harwood, Ste. 1801
    Dallas, TX 75201
    (877) 583-2855 Toll Free Telephone
    (214) 583-2233 Local Phone Number
    (214) 583-2234 Fax Number
    Email Contact