Levi & Korsinsky is investigating the Board of Directors of NQ Mobile
Inc. (“NQ” or the “Company”) (NYSE:NQ) for possible breaches of
Click here to learn more about the investigation: http://zlk.9nl.com/nq-mobile-nq/
or call: 877-363-5972. There is no cost or obligation to you.
On October 24, 2013, Muddy Waters Research issued a report asserting
that NQ has greatly exaggerated its true financial performance. The
report states, among other things, that at least 72% of NQ’s purported
China security revenue is fictitious, and that NQ’s largest customer is
actually itself. The report also questions the veracity of NQ’s cash
balance, its reported international revenue and its filed financial
statements. On October 25, 2013, the Company announced that its board of
directors has formed a special committee to review the allegations.
If you own NQ stock and wish to obtain additional information about the
investigation and your legal rights, please contact Joseph E. Levi, Esq.
either via email at [email protected] or
by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/nq-mobile-nq/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut, and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities and
shareholder lawsuits. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
Copyright Business Wire 2013