NQ Mobile Securities Litigation

If you purchased a significant amount of shares of NQ Mobile Inc. (NYSE: NQ) between March, 30th 2017 and February, 6th 2018, and/or if you purchased NQ Mobile Inc. (NYSE: NQ) shares in March 2017 or earlier and currently hold any of those shares, you have certain options. Investors should register for updates.

 

Lawsuit Overview

Defendant:NQ Mobile Inc.
Date Filed:February, 10th 2018
Sector:Technology
Industry:Computer Software: Prepackaged Software

NQ Mobile provides internet services in the People's Republic of China ("PRC") and internationally.

The Complaint alleges that Defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) NQ Mobile failed to disclose related party transactions involving the Transaction between NQ Mobile and Tongfang; (2) 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; (3) Defendant Shi's interest in the Transaction was not fully disclosed; and (4) 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.

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First Identified Complaint

Shiqiang Chen, et al. v. NQ Mobile, et al.

Date Filed:February, 10th 2018
Class Period Start:March, 30th 2017
Class Period End:February, 6th 2018
First Identified Complaint Filings
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