If you have purchased shares of Electronic Game Card, Inc. (PINK:EGMIQ) between April 5, 2007 and February 19, 2010, call 1-800-934-2921 right now to protect your rights.

Filing deadline:   03/05/2013

If any other investor purchased Electronic Game Card, Inc. (PINK:EGMIQ) common stock between the dates of April 5, 2007 and February 19, 2010, they are considered to be a part of this lawsuit along with the investor who actually filed the lawsuit. According to this lawsuit, the company is in violation of the Securities Exchange Act of 1934. Specifically, the investor alleges that the company violated Sections 10(b) and 20(a). The investor also names specific people associated with the company as being those who allegedly violated the two sections mentioned above. They are Timothy Quintanilla of Mendoza Berger & Co., LLP and partners who are currently associated with Mr. Quintanilla’s company as well as some former partners. 

Mendoza Berger & Co., LLP is an independent auditor for Electronic Game Card, Inc. The investor is alleging that the current and former associates of Mendoza Berger & Co., LLP made statements that were not true and misleading. These statements that were made between April 5, 2007 and February 19, 2010 were concerning the auditor’s opinions about Electronic Game Card, Inc. in which the current and former associates misrepresented the health of the company’s finances. However, Mendoza Berger & Co., LLP sanctioned these allegedly false financial statements as accurate. 

According to Electronic Game Card, Inc. (PINK:EGMIQ), annual revenue was recorded to be $6.04 million in the year 2007. The next year in 2008, annual revenue had increased to $10.65 million. Net income also rose from 2007 to 2008. In 2007, net income was reported to be $3.46 million and $6.27 million in 2008. 

Investors in Electronic Game Card., Inc. (PINK:EGMIQ) common stock filed a lawsuit in the U.S. District Court for the Central District Court of California against this company and some of the executive officers in 2010. 

Electronic Game Card, Inc. decided to file papers in the U.S. Bankruptcy Court for Chapter 7 protection on September 28, 2010. 

Own shares of Electronic Game Card, Inc. (PINK:EGMIQ)? Contact us to protect your rights.

If you have purchased shares of Electronic Game Card, Inc. (PINK:EGMIQ) between April 5, 2007 and February 19, 2010, call 1-800-934-2921 right now to protect your rights. Complete the form on this page or call attorney Bill Kyros at 1-800-934-2921 right now to protect your rights.