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SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of NQ Mobile Inc. (NQ)

THIS POST WAS ORIGINALLY PUBLISHED ON THIS SITE Click Here To Read Entire Article

NEW YORK, Feb. 7, 2018 /PRNewswire/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of NQ Mobile Inc. (“NQ Mobile” or the “Company”) (NYSE: NQ). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/nq.

The investigation concerns whether NQ Mobile and certain of its officers and/or directors have violated Federal Securities Laws.

On February 6, 2018, Rota Fortunae published a report on the website Seeking Alpha entitled “NQ Mobile: Undisclosed Transfer Of Subsidiaries To Chairman Introduces Significant Risks – Price Target $0.”  Citing a review of Chinese corporate records, the report’s author concluded that “insiders control Tongfang Investment Fund, the firm that recently acquired NQ’s mobile gaming and video businesses” and stated that “[o]ur research leads us to doubt 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.”  On this news, NQ Mobile’s American Depositary Receipt price fell $1.30, or 43.6%, to close at $1.68 on February 6, 2018.

If you are aware of any facts relating to this investigation, or purchased NQ shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/nq.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

View original content with multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz–grossman-llc-announces-investigation-of-nq-mobile-inc-nq-300595168.html

SOURCE Bronstein, Gewirtz & Grossman, LLC

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