Glancy Binkow & Goldberg LLP Announces a December 27, 2013 Lead Plaintiff
Deadline in the Class Action Lawsuit Against NQ Mobile Inc. -- NQ
LOS ANGELES, Dec. 20, 2013 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP
announces that all purchasers of the securities of NQ Mobile Inc. ("NQ Mobile"
or the "Company") (NYSE:NQ) between May 5, 2011 and October 24, 2013,
inclusive (the "Class Period'), have until December 27, 2013, to file a motion
to be appointed as lead plaintiff in the shareholder lawsuit filed in the
United States District Court for the Southern District of New York.
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW &
GOLDBERG LLP. PLEASE CONTACT US AT (212) 682-5340, TOLL-FREE AT (888)
773-9224, OR AT SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU
INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND
NUMBER OF SHARES PURCHASED.
NQ Mobile is a Beijing, China-based provider of mobile Internet services,
including mobile security. The Complaint alleges that the defendants
misrepresented and failed to disclose material facts concerning NQ Mobile's
business, operations and financial performance. On October 24, 2013, Muddy
Waters Research Group issued a report alleging that, among other things:
*At least 72% of NQ's purported China security revenue is fictitious and
the Company's largest customer is actually NQ Mobile.
*NQ Mobile's actual market share in China is about 1.5%, rather than the
approximately 55% it purports, and its paying China user base is less than
250,000, rather than the approximately six million it purports.
*NQ Mobile's Antivirus 7.0 is unsafe for sale to consumers, and creates
serious vulnerabilities, making users' phones prone to data compromise and
To be a member of the Class you need not take any action at this time or may
retain counsel of your choice. If you wish to learn more about this action, or
if you have any questions concerning this Notice or your rights or interests
with respect to these matters, please contact Michael Goldberg, Esquire, of
Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh,
Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920,
New York, New York 10168, at (212) 682-5340, by e-mail to
firstname.lastname@example.org, or visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
CONTACT: Glancy Binkow & Goldberg LLP, Los Angeles, CA
Glancy Binkow & Goldberg LLP, New York, NY
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