Glancy Binkow & Goldberg LLP Files Class Action Lawsuit Against NQ Mobile Inc.

Glancy Binkow & Goldberg LLP, representing investors of NQ Mobile Inc. (“NQ Mobile” or the “Company”) (NYSE:NQ), has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of NQ Mobile securities between May 5, 2011 and October 24, 2013, inclusive (the “Class Period”).

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

NQ Mobile is a Beijing, China-based provider of mobile Internet services, including mobile security, privacy, productivity, personalized cloud and family protection. The Complaint alleges that the defendants issued false and/or misleading statements and failed to disclose material facts concerning NQ Mobile’s business, operations and financial performance. On October 24, 2013, Muddy Waters Research Group issued a report alleging that, among other things:

At least 72% of NQ’s purported China security revenue is fictitious and the Company’s largest customer is actually NQ Mobile.
NQ Mobile’s actual market share in China is about 1.5%, rather than the approximately 55% it purports, and its paying China user base is less than 250,000, rather than the approximately six million it purports.
NQ Mobile’s Antivirus 7.0 is unsafe for sale to consumers, and creates serious vulnerabilities, making users’ phones prone to data compromise and cyber attack.

If you are a member of the Class described above you may move the Court no later than December 27, 2013, to serve as lead plaintiff; however, you must meet certain legal requirements. If you wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CAMichael Goldberg(888) 773-9224orGlancy Binkow & Goldberg LLP, New York, NYGregory Linkh(212) 682-5340 or (888) 773-9224shareholders@glancylaw.comwww.glancylaw.com

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