NQ Mobile, Inc. global provider of consumer and enterprise mobile Internet services.

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.

An amended Complaint was filed a September 3, 2015. On November 20, a second amended Complaint was filed. A third amended Complaint was filed on March 3, 2016. On May 11, 2017, a fourth amended Complaint was filed. On May 24, Defendants filed a Motion to Dismiss the fourth amended Complaint. On February 27, 2018, the Court issued an Order granting Defendants' Motion to Dismiss and closing the case.