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Morganti Legal, P.C. Annouces Canadian Shareholder Investigation of MDC Partners Inc.
[May 25, 2015]

Morganti Legal, P.C. Annouces Canadian Shareholder Investigation of MDC Partners Inc.


Morganti Legal, a cross-border law firm that represents investors is investigating whether MDC Partners Inc. (TSX: "MDZ.A" and NASDAQ: "MDCA"; CUSIP: 552697) made negligent statements about its investment quality between March 10, 2010 and February 27, 2015. MDC Partners' head office is located in Toronto, Ontario.

On April 27, 2015, MDC Partners announced since October 5, 2014, it was actively cooperating with the production of documents for review by the U.S. Securities and Exchange Commission ("SEC (News - Alert)") pursuant to a subpoena relating to the Company's accounting practices of measuring goodwill and certain other accounting practices.

MDC Partners reported that it recorded "a significant amount of goodwill and intangible assets" in accordance with U.S. GAAP resulting from its acquisition activities. As of December 31, 2013, MDC Partners had goodwill of $744.3 million and other intangible assets of $56.3 million.

On April 27, 2015, MDC Partners' securities (TSX: MDZ.A) closed at CAD $33.80 CAD per share and closed at 24.20 CAD per share on April 28, 2015, or down over 20%.



On April 27, 2015, MDC Partners' securities (NASDAQ: MDCA) closed at CAD $27.70 USD per share and closed at $19.99 USD per share on April 28, 2015, or down over 25%.

Morganti Legal, P.C. is evaluating possible legal claims on behalf of Canadian-based investors who purchased MDC Partner's securities listed on the Toronto Stock Exchange and NASDAQ between March 10, 2010 and April 27, 2015.


One of the primary issues asked by an investor is whether MDC Partners inflated or otherwise improperly accounted for goodwill associated with its acquisitions made during 2009 through 2014, and its annual financial statements and MD&A did not truly reflect the management's analysis of the goodwill associated with those acquisitions. All shared information from current and former employees and suppliers are kept confidential.

You may contact us toll-free at (888) 226-0845 or by email at [email protected] for further information. Morganti Legal, P.C. is a law firm that investigates, litigates and resolves economic and financial disputes. You may learn more about Morganti Legal, P.C., at www.morgantilegal.com.

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


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