Skip to Content

NQ Mobile Inc.

Company NameNQ Mobile Inc.
Stock SymbolNQ
Class PeriodMarch 30, 2017 to February 06, 2018
Lead Plaintiff Motion DeadlineApril 11, 2018

On February 6, 2018, a report was published 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, shares of NQ fell $1.30, or 43.6%, to close at $1.68 on February 6, 2018, thereby injuring investors.

Submit Your Information

If you suffered a loss on your NQ Mobile Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

Shares Purchased

Number of SharesBuy DatePrice Per ShareAdd

Shares Sold

Number of SharesSell DatePrice Per ShareAdd