Magnum d'Or Resources, Inc. (fka MDOR)

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Faruqi & Faruqi, LLP Announces Investigation of Magnum d’Or Resources, Inc.

http://ih.advfn.com/p.php?pid=nmona&article=48702689&symbol=MDOR

Magnum D'or Res (GM CE) (USOTC:MDOR)

Thursday 4 August 2011

Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Magnum d’Or Resources, Inc. (“Magnum” or the “Company”) (OTC: MDOR.PK). Faruqi & Faruqi, LLP seeks to determine whether Magnum violated the federal securities laws in connection with Magnum’s statements to the Company’s shareholders.

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The investigation focuses on whether certain individuals violated federal securities laws by, among other things, failing to disclose that: (1) the Company’s statements that it had $130 million in contracts for its products when in reality the contracts were “no minimum” contracts that did not require the purchase of any specific amounts; (2) the Company’s sale of unregistered securities as part of a $7 million kickback scheme with purported consultants to the Company; and (3) the SEC’s action against the Company, its former CEO Joseph Glusic, and three purported consultants involved in the kickback scheme.

Take Action

If you purchased Magnum securities between July 2, 2008 and April 13, 2010, and you would like to discuss your legal rights, visit www.faruqilaw.com/MDOR. You can also contact us by calling Anthony Vozzolo toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [e-mail]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Magnum’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

About Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP is a boutique law firm, representing investors, consumers and companies in the prosecution of claims under state corporate and consumer laws and the federal securities and antitrust laws. The firm is focused on providing exemplary legal services in complex litigation. Founded in 1995, the firm maintains its principal office in New York City, with offices in Delaware, California, Florida and Pennsylvania. The lawyers at Faruqi & Faruqi, LLP have demonstrated a clear commitment to championing the rights of shareholders and consumers nationwide.

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