IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Momo Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24MOMO&src=ctag” target=”_blank”gt;$MOMOlt;/agt; lt;a href=”https://twitter.com/hashtag/ClassAction?src=hash” target=”_blank”gt;#ClassActionlt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Momo Inc. (“Momo”
or “the Company”) (NASDAQ: MOMO)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.

Investors who purchased the Company’s shares between April 21, 2015 and
April 29, 2019, inclusive (the ”Class Period”), are encouraged to
contact the firm before July 15, 2019.

If you are a shareholder who suffered a loss, click
here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading
statements to the market. Momo failed to maintain adequate controls and
compliance procedures to prevent inappropriate financial reporting
activity. The Company’s Tantan dating app was not compliant with Chinese
laws. This put the app at risk of being removed from Chinese app stores
at the direction of government officials. Based on these facts, the
Company’s public statements were false and materially misleading. When
the market learned the truth about Momo, investors suffered damages.

Join
the case to recover your losses.

The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
www.schallfirm.com
Office:
310-301-3335
Cell: 424-303-1964
info@schallfirm.com