NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of NQ Mobile Inc. (“NQ” or the “Company”) (NYSE:NQ) for possible breaches of fiduciary duty.
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@example.com 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.