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NQ Mobile Inc., Link Motion, Inc. Reminder: Important April 11, 2018 Lead Plaintiff Deadline in Class Action– NQ, LKM

ACCESSWIRE

By Pawar Law Group

NEW YORK, NY / ACCESSWIRE / April 5, 2018 / Pawar Law Group reminds shareholders who purchased shares of NQ Mobile Inc. (NYSE: NQ) n/k/a Link Motion, Inc. (NYSE: LKM) from March 30, 2017 through February 6, 2018, inclusive (“Class Period”) of the important April 11, 2018 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for NQ Mobile investors under the federal securities laws. To join the NQ Mobile class action, go to http://pawarlawgroup.com/cases/nq-mobile-inc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email vik@pawarlawgroup.com for information on the class action.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. You may also remain an absent class member and do nothing at this point. You may retain counsel of your choice.

According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) NQ Mobile failed to disclose related party transactions involving the Transaction between NQ Mobile and Tongfang; (2) due to the related parties involved in the Transaction, NQ Mobile agreed to consideration in the form of a note with a high likelihood of default; (3) Defendant Shi’s interest in the Transaction was not fully disclosed; and (4) as a result, Defendants’ statements about NQ Mobile’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 11, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/nq-mobile-inc/ or to discuss your rights or interests regarding this class action, please contact Vik Pawar, Esq. of Pawar Law Group toll free at 888-589-9804 or via e-mail at vik@pawarlawgroup.com .

Pawar Law Group represents investors from around the world.

Contact:

Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
info@pawarlawgroup.com

SOURCE: Pawar Law Group

ReleaseID: 495284