NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong notifies investors of an investigation concerning whether NQ Mobile Inc. (“NQ” or the “Company”) (NYSE: NQ) violated federal securities laws.
Click here to learn about the case: http://docs.wongesq.com/NQ-Info-Request-Form-1818. There is no cost or obligation to you.
A report was published on SeekingAlpha on February 6, 2018, alleging that, after having reviewed Chinese corporate records, the author believed that “insiders control Tongfang Investment Fund, the firm that recently acquired NQ’s mobile gaming and video businesses” and that the author doubted “every aspect of the transaction, including the cash payments and the $270 million note receivable, which together represents over 100% of NQ’s market cap.” Following this news, shares of NQ fell 43.6% to close at $1.68 per share on February 6, 2018.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.