On or around 06/17/2016 (Ongoing date of last review)
Filing Date: August 13, 2015
According to a press report, the complaint alleges the company has hidden information from investors, diluted the stock through overvalued equity purchases and refused good faith offers to buy the business. The suit said, in particular, the company has taken to buying out small Chinese Internet firms for tens of millions of dollars in equity to expand the business and dilute shareholders without further offerings.
Company & Securities Information
Defendant: NQ Mobile, Inc.
Industry: Software & Programming
Ticker Symbol: NQ
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Daniel Finocchiaro, et al. v. NQ Mobile, Inc., et al.
COURT: S.D. New York
DOCKET #: 15-CV-06385
JUDGE: Hon. Naomi Reice Buchwald
DATE FILED: 08/13/2015
CLASS PERIOD START: 11/01/2013
CLASS PERIOD END: 05/15/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Gentle, Turner, Sexton, and Harbinson Suite 100-501 Riverchase Pathway East, Gentle, Turner, Sexton, and Harbinson, AL 35244 (205) 716-3000 (205) 716-3010 ·
Law Office of Bridget Butler, Esq. 419 Lafayette Street, #2, Law Office of Bridget Butler, Esq., NY 10003 (917) 426-3630 (646) 355-0128 ·
Law Offices of Sterling L. DeRamus 2229 1st Ave. North, Law Offices of Sterling L. DeRamus, AL 35203 (205) 504-0189 (205) 449-7392 ·
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws