October 02, 2013
A Washington federal judge put the kibosh on a shareholder suit over Motricity Inc.'s initial public offering for the final time Tuesday, finding that the plaintiffs had simply repackaged already dismissed allegations of false statements by Motricity and its bank underwriters.
January 18, 2013
A Washington federal judge tossed a shareholder suit Thursday over Motricity Inc.'s initial public offering, finding that the plaintiffs couldn't point to any false statements made by the mobile data service provider or its bank underwriters.
February 15, 2012
Underwriters for the initial public offering of Motricity Inc., including JP Morgan Securities Inc., Goldman Sachs & Co. and Deutsche Bank Securities Inc., asked a federal judge Tuesday to throw out a putative class action lodged by shareholders of the mobile data service provider, saying they failed to show the company made false statements.
August 15, 2011
Motricity Inc. and its executives on Friday were hit with a proposed class action in Washington state by an investor who claims misleading and overly optimistic statements during the company's initial stock offering last year led to an inflated stock price, which has since plummeted more than 90 percent.