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GPM Announces the Filing of a Securities Class Action on Behalf of MDC, Inc. InvestorsGlancy Prongay & Murray LLP ("GPM") announces the filing of a class action lawsuit on behalf of investors of MDC Partners, Inc. ("MDC" or the "Company") (NASDAQ:MDCA) who purchased shares between September 24, 2013 and April 27, 2015, inclusive (the "Class Period") and have been damaged by the recent declines in the Company's stock price. MDC investors have until September 29, 2015 to file a lead plaintiff motion. MDC provides a comprehensive range of customized marketing, activation, communications and consulting services. The complaint alleges that MDC and certain of its executives failed to disclose material information to investors in violation of federal securities laws, including information regarding MDC's business, executive compensation, related-party transactions, goodwill, prospects and operations. O April 27, 2015, MDC reported that (1) on October 5, 2014, it had received a subpoena from the Securities and Exchange Commission (the "SEC (News - Alert)") related to the reimbursement of expenses incurred by CEO Miles Nadal, the Company's goodwill, and certain other accounting practices; (2) as a result of an investigation by Special Committee of independent directors formed in response to the subpoena Mr. Nadal had agreed to reimburse the Company $8.6 million; and (3) during the fiscal quarter the Company incurred approximately $5.8 million in legal fees and other related expenses related to the SEC inquiry. When the truth was revealed to investors, the price of MDC's shares declined sharply, by $7.78 per share or nearly 30%, thereby damaging investors. If you purchased shares of MDC during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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