Thieler Law Corp advises investors with losses exceeding $100,000 of the April 11, 2018 lead plaintiff deadline in a class action lawsuit filed against NQ Mobile Inc (NYSE: NQ) (“NQ Mobile” or “the Company”), now known as Link Motion Inc (NYSE: LKM). The suit is pending in the U.S. District Court for the Eastern District of Texas and investors, who purchased NQ Mobile Inc securities between March 30, 2017 and February 6, 2018, have until April 11, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased NQ Mobile Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that NQ Mobile failed to disclose related party transactions involving the Transaction between NQ Mobile and Tongfang; due to the related parties involved in the Transaction, NQ Mobile agreed to consideration in the form of a note with a high likelihood of default; Defendant Shi’s interest in the Transaction was not fully disclosed; and as a result, Defendants’ statements about NQ Mobile’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On February 6, 2018, a report published by SeekingAlpha.com revealed undisclosed related party transactions between the Company and Tongfang. According to the report, “[o]ur research leads us to believe that Tongfang is controlled by [NQ Mobile] insiders and therefore [NQ Mobile] sold [FL Mobile Jiutian Technology Co., Ltd.] and [Beijing Showself Technology Co., Ltd] to insiders.”

On this news, NYSE: NQ fell from $2.98 per share on February 5, 2018 to a closing price of $1.68 on February 6, 2018—a $1.30 or a 43.62% drop.

If you were negatively impacted by your investment in NQ Mobile Inc securities between March 30, 2017 and February 6, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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