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网秦(NQ Mobile Inc.)

The Rosen Law Firm is investigating potential securities fraud claims against NQ Mobile Inc.

新闻公告

ALERT: The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against NQ Mobile Inc. --- NQ

New York, NY, October 24, 2013.  The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against NQ Mobile Inc. (NYSE: NQ) resulting from allegations that the company may have issued materially misleading business information to the investing public.

On October 24, 2013 Muddy Waters Research issued a report asserting that NQ has greatly exaggerated its true financial performance.  The report states, among others things, that: at least 72% of NQ’s purported China security revenue is fictitious; NQ’s largest customer is actually itself; and NQ’s actual market share in China is approximately 1.5% as opposed to 55% as the company claims.  In addition, the report also questions the veracity of NQ’s cash balance, its reported international revenue and its financial statements filed with the State Administration for Industry & Commerce of the People’s Republic of China and U.S. Securities and Exchange Commission.

The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information.  If you purchased NQ securities prior to October 24, 2013, you may visit the website at http://rosenlegal.com to join the action.  You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising.  Prior results do not guarantee a similar outcome.

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Contact Information:

    Laurence Rosen, Esq.

    Phillip Kim, Esq.
    Kevin Chan, Esq.

    The Rosen Law Firm P.A.

    275 Madison Avenue 34th Floor    New York, New York 10016    Tel:  (212) 686-1060    Toll Free: 1-866-767-3653    Fax: (212) 202-3827     lrosen@rosenlegal.com     pkim@rosenlegal.com     kchan@rosenlegal.com     www.rosenlegal.com