Motricity Class Action Lawsuit Complaint Over Alleged Securities Law Violations

Motricity MOTR Securities Purchasers File Securities Fraud Class Action Lawsuit Complaint Against Motricity.

A class action lawsuit complaint has reportedly been filed against Motricity, Inc. (“Motricity”) and certain Motricity officers and directors (collectively “Defendants”) in the United States District Court for the Western District of Washington, alleging, among other things, that Motricity failed to disclose negative trends in Motricity’s business and misrepresented or failed to disclose the negative impact of the growing smartphone market, purportedly in violation of federal securities laws, including the Securities Act of 1933 and the Securities Exchange Act of 1934, according to Motricity securities fraud class action lawsuit news reports.

The Motricity securities fraud class action lawsuit complaint is reportedly brought on behalf of a putative class consisting of purchasers of Motricity securities who purchased Motricity securities (MOTR) during the period from June 18, 2010, through August 11, 2011 (the “Class Period”).

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