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Electronic Game Card, Inc.

Class Period: Apr 5, 2007 to Feb 19, 2010

Lead Plaintiff Deadline: May 3, 2010 + Deadline passed

Summary of Case:

A securities class action has been filed against Electronic Game Card, Inc. (EGMI) ("EGC" or the "Company") on behalf of all securities purchasers from April 5, 2007 through February 19, 2010, inclusive ("Class Period"), in the United States District Court for the Central District of California.

The Complaint alleges that on February 10, 2010, EGC postponed a conference call, which was slated to discuss important internal issues at the Company. The postponement resulted in an immediate sixteen percent drop in stock price. On February 19, 2010, EGC announced that: (a) its independent auditors withdrew its audit opinions for EGC's financial statements for the years ended December 31, 2006, 2007, and 2008; and (b) its financial reporting for the years ended December 31, 2006, 2007, and 2008 as well as its quarterly reports for its first three quarters of 2009 needed to be adjusted and reissued. Also on February 19, 2010, the United States Securities and Exchange Commission halted trading in EGC securities. As a result, class members have suffered substantial damages and their shares are currently illiquid.

If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.