Brower Piven Encourages Investors Who Have Losses in Excess of $200,000 From Investment in MGM Mirage to Inquire About the Lead
02 Setembro 2009 - 7:05PM
Marketwired
Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the United States District
Court for the District of Nevada on behalf of purchasers of the
common stock of MGM Mirage ("MGM" or the "Company") (NYSE: MGM)
during the period between August 2, 2007 and March 5, 2009,
inclusive (the "Class Period").
No class has yet been certified in the above action. Members of
the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. If you wish to choose counsel to
represent you and the Class, you must apply to be appointed lead
plaintiff no later than October 19, 2009 and be selected by the
Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in the Company
during the Class Period. You may contact Brower Piven (through
hoffman@browerpiven.com or 410/986-0036) to answer any questions
you may have in that regard.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the Company's
misstatements during the Class Period concerning its revenues and
earnings, its liquidity, and its prospects for development of its
CityCenter project, all while Company insiders sold almost $90
million of personal holdings of the Company's stock. According to
the complaint, as the true facts leaked into the market, the value
of MGM's stock declined significantly.
If you have suffered a net loss for all transactions in MGM
Mirage common stock during the Class Period, you may obtain
additional information about this lawsuit and your ability to
become a lead plaintiff by contacting Brower Piven at
www.browerpiven.com, by email at hoffman@browerpiven.com, by
calling 410-986-0036, or at Brower Piven, A Professional
Corporation, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower
Piven have combined experience litigating securities and class
action cases of over 40 years. If you choose to retain counsel, you
may retain Brower Piven without financial obligation or cost to
you, or you may retain other counsel of your choice. You need take
no action at this time to be a member of the class.
CONTACT: Charles J. Piven Brower Piven, A Professional
Corporation Baltimore, Maryland 410/986-0036 Email Contact
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