The Rosen Law Firm is investigating potential securities claims against Electronic Game Card, Inc. as a result of allegations that it has misstated the value of the cash on its balance sheet.  EMGI's auditors advised EGMI that it has become aware of irregularities in the audit confirmation of a bank account of one of EGMI’s wholly owned subsidiaries. 

The SEC issued an Order temporary suspending trading in the Company’s stock because “there is a lack of current and accurate information concerning the securities of Electronic Game Card, Inc. because of questions regarding the accuracy of assertions by EGMI, and by others, in financial disclosures to investors concerning, among other things, the Company’s assets.”  As a result of the trading suspension, EGMI’s shares are effectively illiquid and shareholders have been damaged.

If you purchased Electronic Game Card, Inc. stock between April 5, 2007 and February 19, 2010 you have important legal rights that may form the basis of a claim for damages against the Company for issuing inaccurate financial statements.  If you would like further information about your rights, please contact Laurence Rosen, Esq., or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com, or pkim@rosenlegal.com.  

If you would like to join the proposed class action against EMGI to recover your losses please click on the link to the right of the page and complete the certification form.