An investigation for investors in Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) shares over potential securities laws violations by Melco Crown Entertainment was announced and NASDAQ:MPEL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/13/2014 -- An investigation on behalf of investors of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) shares over potential securities laws violations by Melco Crown Entertainment and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) concerning whether a series of statements by Melco Crown Entertainment Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Melco Crown Entertainment Ltd reported that its annual Total Revenue rose from over $2.64 billion in 2010 to over $5.08 billion in 2013 and that its Net Loss of $10.53 million in 2010 turned into a Net Income of $637.46 million in 2013. Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) grew from $3.57 per share in January 2010 to as high as $45.16 per share in March 2014.
On August 6, 2014, Melco Crown Entertainment Ltd disclosed in a filing with the SEC that the Taipei District Prosecutors Office has indicted its Taiwan branch office and certain of its employees, for alleged violations of certain local banking and foreign exchange legislation.
Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) declined to as low as $27.42 per share on August 7, 2014.
On August 11, 2014, NASDAQ:MPEL shares closed at $29.01 per share.
Those who purchased shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com