|[December 05, 2013]
SHAREHOLDER ALERT: Brower Piven Encourages Investors With More Than $150,000 in Losses from Investment in NQ Mobile, Inc. to Contact Brower Piven Before the December 27, 2013 Lead Plaintiff Deadline
STEVENSON, Md. --(Business Wire)--
Brower Piven, A Professional Corporation announces that a class action
lawsuit has been commenced in the United States District Court for the
Southern District of New York on behalf of purchasers of NQ Mobile (News - Alert), Inc.
("NQ" or the "Company") (NYSE: NQ) securities during the period between
May 5, 2011 and October 24, 2013, inclusive (the "Class Period").
If you have suffered a net loss from investment in NQ Mobile, Inc.
securities purchased on or after May 5, 2011, and held through the
revelation of negative information on October 24, 2013, as described
below, at no cost to you, you may obtain additional information about
this lawsuit and your ability to become a lead plaintiff by contacting
Brower Piven at www.broerpiven.com,
by email at firstname.lastname@example.org,
by calling 410/415-6616, or at Brower Piven, A Professional Corporation,
1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower
Piven have combined experience litigating securities and class action
cases of over 60 years.
No class has yet been certified in the above action. Members of the
Class will be represented by the lead plaintiff and counsel chosen by
the lead plaintiff. If you wish to choose counsel to represent you and
the Class, you must apply to be appointed lead plaintiff no later than
December 27, 2013 and be selected by the Court. The lead plaintiff will
direct the litigation and participate in important decisions including
whether to accept a settlement and how much of a settlement to accept
for the Class in the action. The lead plaintiff will be selected from
among applicants claiming the largest loss from investment in the
Company during the Class Period.
The complaint accuses the defendants of violations of the Securities Act
of 1933 and the Securities Exchange Act of 1934 by virtue of the
defendants' failure to disclose during the Class Period that the Company
had greatly overstated and exaggerated its true financial performance.
According to the complaint, following an October 24, 2013 report by
Muddy Waters Research that called NQ a "massive fraud," that revealed
that at least 72% of NQ's security software revenue from China was
fraudulent, and that revealed that NQ's purported largest customer was
actually a shell company controlled by NQ, the value of NQ shares
If you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other counsel of
your choice. You need take no action at this time to be a member of the
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