Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of NQ Mobile Inc (NYSE: NQ) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of NQ Mobile Inc (NYSE: NQ) concerning whether a series of statements by NQ Mobile Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 6, 2018, Rota Fortunae published a report on the website Seeking Alpha stating, among other things, that “Chinese corporate records lead us to believe that insiders control Tongfang Investment Fund, the firm that recently acquired NQ’s mobile gaming and video businesses.”
Following this news, NYSE: NQ fell sharply during intra-day trading on February 6, 2018.
Based in Beijing, the People's Republic of China, and founded in 2005 NQ Mobile Inc provides mobile Internet services in the People's Republic of China and internationally.
If you purchased shares of NQ Mobile Inc (NYSE: NQ) on or before February 6, 2018, you should contact Thieler Law Corp at email@example.com or call +1 (619) 377 - 4324.
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