LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired securities of NQ Mobile Inc. (“NQ” or the “Company”) (NYSE: NQ) between March 30, 2017, and February 6, 2018, inclusive (the “Class Period”). NQ investors have until April 11, 2018 to file a lead plaintiff motion.
To obtain information or actively participate in the class action, please visit the NQ page on our website at www.glancylaw.com/case/nq-mobile-inc. Investors that suffered losses on their NQ investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to firstname.lastname@example.org.
The complaint filed in this class action alleges that, the Company issued false and/or misleading statements and/or failed to disclose: (1) NQ Mobile related party transactions involving a transaction between NQ Mobile and Tongfang; (2) due to the related parties involved in the transaction, NQ Mobile agreed to consider in the form of a note with a high likelihood of default; (3) Defendant Shi's interest in the transaction was not fully disclosed; and (4) as a result, Defendants' statements about NQ Mobile's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
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If you purchased shares of NQ during the Class Period you may move the Court no later than April 11, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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