NQ Mobile Inc (ADR) : ALERT: The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against NQ Mobile Inc.
10/24/2013 | 02:34pm US/EasternRecommend:
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The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against NQ Mobile Inc. (NYSE:NQ) resulting from allegations that the company may have issued materially misleading business information to the investing public.
On October 24, 2013 Muddy Waters Research issued a report asserting that NQ has greatly exaggerated its true financial performance. The report states, among others things, that: at least 72% of NQ's purported China security revenue is fictitious; NQ's largest customer is actually itself; and NQ's actual market share in China is approximately 1.5% as opposed to 55% as the company claims. In addition, the report also questions the veracity of NQ's cash balance, its reported international revenue and its financial statements filed with the State Administration for Industry & Commerce of the People's Republic of China and U.S. Securities and Exchange Commission.
The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information. If you purchased NQ securities prior to October 24, 2013, you may visit the website at http://rosenlegal.com to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
NQ Mobile rejects allegations as false (shares halted)
'Co takes any false allegations regarding our business extremely seriously. NQ Mobile will respond quickly, transparently and forcefully to these false allegations regarding our company. The Company will issue a more detailed response before the market open in the U.S. on Friday, October 25.'
狗仔卡
发表于 2013-10-24 01:34 PM
心脏的还是看热闹吧。
