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Case Status:    ONGOING    
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.


Sector: Technology
Industry: Software & Programming
Headquarters: China


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.
COURT: S.D. New York
DOCKET #: 15-CV-06385
JUDGE: Hon. Naomi Reice Buchwald
DATE FILED: 08/13/2015
CLASS PERIOD END: 05/15/2015
  1. Gentle, Turner, Sexton, and Harbinson
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