SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Momo Inc.
NEW YORK, May 14, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of Momo Inc. (NASDAQ: MOMO) concerning possible violations of federal securities laws.
On April 29, 2019, Momo announced that it “has become aware that certain mobile app stores in China have removed the Tantan mobile app on direction of governmental authorities in China.” Then on May 10, 2019, Momo announced that “pursuant to directives of relevant government authority, during the one-month period starting from May 11, 2019, Momo will undertake certain internal measures aimed at strengthening its content screening efforts. Chief among efforts in connection with Momo’s self-inspection, the Company will temporarily suspend the ability of users to post social newsfeeds on its platform between May 11, 2019 and June 11, 2019. Currently, the Company is evaluating the impact of the temporary suspension and other self-inspection measures on its overall business operations during that one-month period.” To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, 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. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLPJoseph E. Levi, Esq.55 Broadway, 10th FloorNew York, NY 10006Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com