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AirMedia Group Inc. Information Request Form

Levi & Korsinsky announces the filing of a class action lawsuit in the United States District Court for the Southern District of New York on behalf of shareholders of AirMedia Group Inc. (NASDAQ: AMCN) who purchased American Depositary Receipts between April 15, 2015 and June 15, 2015.

The complaint alleges that the Company made false statements regarding the sale of a 5% interest in AirMedia’s advertising subsidiary, AirMedia Group Co., Ltd. to Shenzhen Liantronics Co. Ltd., and the negotiated valuation of the subsidiary. Specfically, the complaint alleges, AirMedia announced that the deal “reflected the total valuation of AM Advertising of RMB3 billion,” or $500 million; then the Company allegedly made additional statements claiming that RMB3 billion/$500 million was a solid valuation of the AM Advertising subsidiary. Then on June 15, 2015, the Company announced that it entered into an agreement to sell a 75% interest in AM Advertising for RMB2.1 billion/$344.4 million, significantly less than the purported value the Company claimed. Upon this news, AirMedia ADRs fell more than 50% over the following two days. If you suffered a loss in AirMedia you have until August 24, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

To receive more information, please fill out the form.

Request More Information

Levi & Korsinsky, LLP does not share your information with others. There is no cost or obligation for you to submit.

This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

This letter confirms that you have retained Levi & Korsinsky, LLP to represent you as a named plaintiff in a shareholder action involving AirMedia Group Inc.

We agree to advance all expenses in the litigation, which means that you are not liable to pay any of the expenses of the lawsuit, whether attorneys' fees or costs. Regardless of the result, we will never ask you to directly pay for any attorneys' fees or costs. Should we obtain a favorable result, we may ask the court to award us compensation to be paid by the defendants or as a portion of any class benefit, but, again, we will never ask you to directly pay any of the costs of this litigation.

As the client you are entitled to direct the litigation in any way you deem proper, and may at any time order us to dismiss the case or opt-out. Should you choose to do so, we will never ask you to reimburse us directly for any legal fees or expenses. During the course of this litigation, we may employ and/or work with other law firms to prosecute your case.

We look forward to representing you and other AirMedia shareholders.


Levi & Korsinsky,LLP

Joseph Levi

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