SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against NQ Mobile Inc. (NQ) & Lead Plaintiff Deadline: April 11, 2018
NEW YORK, Feb. 21, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired NQ securities between March 30, 2017 and February 6, 2018, both dates inclusive. Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/nq.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The Complaint alleges that the documents filed in connection with the IPO contained materially false and/or misleading statements and/or failed to disclose that: (1) NQ failed to disclose related party transactions involving the Transaction between NQ Mobile and Tongfang Investment Fund; (2) due to the related parties involved in the Transaction, NQ agreed to consideration 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's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/nq or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in NQ you have until April 11, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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
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SOURCE Bronstein, Gewirtz & Grossman, LLC
