May 3, 2016 - The U.S. Court of Appeals for the Ninth Circuit affirmed the judgement of the district court.
October 31, 2013 - The lead plaintiff filed a notice of appeal.

October 1, 2013 - The court granted the defendants' motion to dismiss with prejudice.

May 30, 2013 - The defendants filed a motion to dismiss.

April 17, 2013 - The lead plaintiff filed a third amended complaint.

February 7, 2013 - The court denied the lead plaintiffs' motion for reconsideration of the order on motion to dismiss.

January 31, 2013 - The lead plaintiffs filed a motion for reconsideration.

January 17, 2013 - The court granted the defendants' motion to dismiss with prejudice and without leave on some claims and without prejudice and with leave to file an amended complaint on remaining claims.

August 1, 2012 - Defendants filed a motion to dismiss.

July 11, 2012 - The lead plaintiffs field a second amended consolidated complaint.

June 11, 2012 - Defendants filed a motion to dismiss.

May 11, 2012 - The lead plaintiffs filed an amended consolidated complaint.

November 7, 2011 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

October 11, 2011 - Lead plaintiff motions were filed.

August 12, 2011 - An investor in shares of Motricity Inc (NASDAQ: MOTR now known as Voltari Corporation and trading as NASDAQ: VLTC) filed a lawsuit in the U.S. District Court for the Western District of Washington against Motricity Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between June 18, 2010 and August 9, 2011.

According to the securities class action complaint the plaintiff alleges on behalf of investors who purchased or otherwise acquired the common stock of Motricity Inc between June 18, 2010 and August 9, 2011, and/or who acquired shares of Motricity Inc common stock pursuant or traceable to its Registration Statement and Prospectus issued in connection with its June 17, 2010 initial public offering, that Motricity Inc and certain of its officers and directors violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading Registration Statement and Prospectus in connection with its June 17, 2010 initial public offering and by issuing between June 18, 2010 and August 9, 2011 materially false and misleading statements regarding Motricity Inc’s business practices and financial results. On June 18, 2010, Motricity Inc announced the pricing of its initial public offering.

Motricity Inc reported that its annual Total Revenue rose from $35.17 million in 2007 to $133.38 million in 2010.

Shares of Motricity Inc (NASDAQ: MOTR) rose from as low as $6.80 per share to over $30 during November 2010.

However Motricity Inc was not able to report any Net Income between 2007 to 2010 but rather a Net Loss for each 12 months period.

Then on May 3, 2011, Motricity Inc issued a press release announcing its first quarter 2011 financial results. Even though Motricity Inc’s first quarter Revenue in 2010 rose from $29.08 million a year earlier to $32.21 million for the first quarter in 2011, its quarterly Net Loss increased from a Net Loss of $1.53 million to a Net Loss of $6.14 million for the first quarter in 2011.

Motricity Inc (NASDAQ: MOTR) stock fell from over $22 in February, respectively over $14 in April 2011 to under $10 on May 6, 2011 and continued to decline to under $7 on July 15, 2011.