Thieler Law Corp advises investors with losses exceeding $100,000 of the July 15, 2019 lead plaintiff deadline in a class action lawsuit filed against Momo Inc (NASDAQ: MOMO) (“Momo” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Momo Inc securities between April 21, 2015 and April 29, 2019, have until July 15, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Momo Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Momo’s compliance procedures and controls were inadequate to prevent illicit financial reporting activity; Momo’s social and dating app, Tantan, was materially noncompliant with PRC law and/or regulations; Tantan was consequently at an increased risk of being removed from Chinese app stores at the direction of Chinese governmental authorities; and as a result, Momo’s public statements were materially false and misleading at all relevant times.

On April 29, 2019, Momo revealed that the Company’s Tantan social and dating mobile app had been removed from certain mobile app stores at the direction of Chinese authorities.

Following this news, NASDAQ: MOMO fell $2.51 per share, or 6.81%, to close at $34.36 on April 29, 2019.

If you were negatively impacted by your investment in Momo Inc securities between April 21, 2015 and April 29, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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