NEW YORK, Oct. 18, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that a class action lawsuit has been filed on behalf of purchasers of Millennial Media Inc. common stock (NYSE:MM) during the period from March 28, 2012 through May 7, 2014. The lawsuit seeks to recover investors' losses by asserting claims under the federal securities laws.
To join the Millennial Media class action, visit the firm's website at http://rosenlegal.com/cases-403.html, or call Phillip Kim or Kevin Chan toll-free at 866-767-3653; you may also email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, Millennial Media and certain of its officers and directors misstated and/or failed to disclose material adverse facts about: (i) the development and functionality of the Company's crucial technological products; (ii) the business synergies and integration progress of certain of its corporate acquisitions; and (iii) the prospects and outlook for the Company's performance. When this adverse information was revealed, Millennial Media's share price fell sharply, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than December 1, 2014. If you wish to join the litigation and recover your losses, go to http://rosenlegal.com/cases-403.html, or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.