[ACCESSWIRE]
LOS ANGELES, CA / ACCESSWIRE / February 7, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of NQ Mobile, Inc. ("NQ Mobile" or "the Company") (NYSE: NQ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
On February 6, 2018, a report was published by Rota Fortunae on the investment website SeekingAlpha.com stating, among other things, that "Chinese corporate records lead us to believe that insiders control Tongfang Investment Fund, the firm that recently acquired NQ's mobile gaming and video businesses." On this news, shares of NQ Mobile fell sharply over 40% during intra-day trading.
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We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
www.schallfirm.com
SOURCE: The Schall Law Firm
