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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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Bronstein, Gewirtz & Grossman, LLC Announces Investigation of NQ Mobile Inc.

NEW YORK, Dec. 17, 2012 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ), concerning potential violations of federal securities laws.

On December 10, 2012, shares of NQ Mobile fell $0.68 per share or 11%, to close at $5.46 per share after seeking alpha published a report claiming that NQ Mobile is massively overstating its industry position and its "user base has been inflated more than tenfold."  The investigation relates to whether the company made materially false and misleading statements regarding the Company's business and compliance policies concerning (i) the Company overstated its revenue by inflating its user base by at least ten times; and (ii) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

If you are aware of any facts relating to this investigation, or purchased shares of NQ Mobile, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. 

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.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC

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