SOURCE: Kendall Law Group

Kendall Law Group

August 19, 2009 17:19 ET

Kendall Law Group Announces Securities Class Action Against MGM Mirage

DALLAS, TX--(Marketwire - August 19, 2009) - Kendall Law Group, led by a former federal judge and former U.S. Attorney, today announced that a lawsuit has been filed against MGM Mirage (NYSE: MGM) for securities violations related to public statements made by the company between August 2, 2007 and March 5, 2009.

Any shareholder, who purchased MGM stock during the above time period, may move the Court to serve as a plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by October 18, 2009. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. If you wish to learn more about your rights as a shareholder or serving as a plaintiff, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.

The complaint, filed in the District of Nevada, charges MGM and certain of its officers and directors with violations of the federal securities laws concerning a series of false and misleading statements concerning MGM's liquidity and the prospects for the development of MGM's CityCenter. MGM primarily owns and operates casino resorts.

Company insiders sold almost $90 million worth of their personally held MGM stock just before the true facts about MGM and the CityCenter leaked into the market. At that time, the inflation in the price of MGM stock was removed, causing damage to the shareholders.

Although every case is different, Kendall Law Group has participated in the recovery of over $800 million for defrauded shareholders. Led by a former federal judge and former U.S. Attorney, the firm has the credentials to pursue any type of complex securities litigation in the nation. If you wish to learn more about your rights as a shareholder or serving as a lead plaintiff, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.

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