Motricity, Inc. Lawsuit Securities Investigation

Gilman Law LLP, a leading national securities law firm, is now accepting claims for lawsuits on behalf of Motricity, Inc. shareholders. The firm is actively investigating shareholder claims that Motricity issued materially false and misleading statements regarding the Company’s business practices and financial results. The firm is currently offering free legal evaluations to all Motricity investors nationwide.
For over 30 years, Gilman Law has represented investors in all major aspects of securities fraud litigation, including stock manipulation, securities fraud, and shareholder rights violations. If you purchased or otherwise acquired shares of Motricity, Inc. (NASDAQ: MOTR) during the period between June 18, 2010 and August 9, 2011, and either lost money on the transaction or still hold the shares, you must contact Gilman Law LLP no later than October 15, 2011 in order to exercise your legal rights against Motricity.

Motricity, Inc. Class Action Lawsuit Allegations

Shares of Motricity fell 59% to $1.86 per share on August 10, 2011 after the company posted quarterly results that missed Wall Street estimates. The Company was subsequently named in a shareholder class action lawsuit in the United States District Court for the Western District of Washington, Seattle, alleging the mobile phone data provider failed to disclose negative trends in Motricity’s business and represented that the company would continue to prosper despite the increasing popularity of smartphones, which provide Internet access without Motricity’s services.

Legal Help for Motricity, Inc. Shareholders

Gilman Law has extensive experience representing both individual and institutional investors in securities class action suits, and has recovered over a billion dollars for its clients. We are ready to assist investors who have sustained losses as a result of Motricity’s fraudulent practices.  For a free evaluation of your case or to obtain additional information, please fill out the form on the left or CALL TOLL FREE (888) 252-0048.