NEW YORK, April 30, 2019 /CNW/ -- Pomerantz LLP is investigating claims on behalf of investors of Momo Inc. ("Momo" or the "Company") (NASDAQ: MOMO). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Momo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 29, 2019, Momo disclosed that the Company's Tantan social and dating mobile app had been removed from certain mobile app stores at the direction of Chinese authorities.
On this news, Momo's American depositary receipt price fell $2.51 per share, or 6.81%, to close at $34.36 on April 29, 2019.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP