NEW YORK, March 26, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of King Digital Entertainment plc (NYSE:KING) common stock pursuant and/or traceable to the Company's March 26, 2014 Initial Public Offering ("IPO"). The lawsuit seeks to recover damages for King Digital investors under the federal securities laws.
To join the King Digital class action, go to the website at http://www.rosenlegal.com/cases-559.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or 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 ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that the Registration Statement issued in connection with the IPO failed to disclose that: (i) a significant number of individuals paying to play Candy Crush Saga—the primary source of the Company's revenue—were no longer playing Candy Crush saga; and (ii) as a result of such decline, the Company's financial performance was deteriorating. When the true details entered the market, King Digital's share price declined and investors suffered damages.
If you wish to join the class action and recover your losses go to http://www.rosenlegal.com/cases-559.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. 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.