ALERT: The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against NQ Mobile Inc. --- NQ

Business Wire

NEW YORK--(BUSINESS WIRE)--

The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against NQ Mobile Inc. (NQ) resulting from allegations that the company may have issued materially misleading business information to the investing public.

On October 24, 2013 Muddy Waters Research issued a report asserting that NQ has greatly exaggerated its true financial performance. The report states, among others things, that: at least 72% of NQ’s purported China security revenue is fictitious; NQ’s largest customer is actually itself; and NQ’s actual market share in China is approximately 1.5% as opposed to 55% as the company claims. In addition, the report also questions the veracity of NQ’s cash balance, its reported international revenue and its financial statements filed with the State Administration for Industry & Commerce of the People’s Republic of China and U.S. Securities and Exchange Commission.

The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information. If you purchased NQ securities prior to October 24, 2013, you may visit the website at http://rosenlegal.com to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact:
The Rosen Law Firm P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue 34 th Floor
New York, New York 10016
Tel: 212-686-1060
Toll Free: 1-866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

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