SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

December 16, 2014 17:47 ET

SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against MOL Global, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of January 23, 2015 - MOLG

NEW YORK, NY--(Marketwired - Dec 16, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased MOL Global, Inc. ("MOL Global" or the "Company") (NASDAQ: MOLG) American Depositary Shares ("ADSs") between October 9, 2014 through November 20, 2014.

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The complaint alleges that MOL Global violated the Securities Act of 1933 by failing to disclose certain facts in its Registration Statement related to its October 9, 2014 Initial Public Offering.

On November 1, 2014, MOL Global announced that the Company had rescheduled the release of its third quarter 2014 financial results. Then on December 1, 2014, the Company announced it would restate its financial statements for the three month periods ended March 31, 2014 and June 30, 2014, and the six month period ended June 30, 2014, due to incorrect reporting of its payment business by Vietnamese subsidiary Nganluong Joint Stock Company.

If you suffered a loss in MOL Global you have until January 23, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits and have helped shareholders recover millions of dollars in losses over the years. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510