NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of NQ Mobile Inc. (NYSE: NQ) resulting from allegations that NQ Mobile may have issued materially misleading business information to the investing public.
On February 6, 2018, a report was published by Rota Fortunae on SeekingAlpha.com stating, among other things, that “Chinese corporate records lead us to believe that insiders control Tongfang Investment Fund, the firm that recently acquired NQ’s mobile gaming and video businesses.” On this news, shares of NQ Mobile fell sharply during intra-day trading on February 6, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by NQ Mobile investors. If you purchased shares of NQ Mobile, please visit the firm’s website at http://www.rosenlegal.com/cases-1285.html to join the class action. You may also contact Phillip Kim or Daniel Sadeh of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or dsadeh@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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