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cloudhosting14 wrote: As you would already know that managed hosting itself is another form of Cloud hosting in which the system administrations of servers is looked upon by the CPs. Similar is the case with managed multi Cloud hosting. You can very well understand how a big burden it would be to manage multi cloud servers for organization; this is why a service known as managed multi Cloud is provided to these users. This service ensures them the seam less running of their system administrative operations while organizations focus more on t...
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Bronstein, Gewirtz & Grossman, LLC Announces Investigation of NQ Mobile Inc.

NEW YORK, Dec. 17, 2012 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ), concerning potential violations of federal securities laws.

On December 10, 2012, shares of NQ Mobile fell $0.68 per share or 11%, to close at $5.46 per share after seeking alpha published a report claiming that NQ Mobile is massively overstating its industry position and its "user base has been inflated more than tenfold."  The investigation relates to whether the company made materially false and misleading statements regarding the Company's business and compliance policies concerning (i) the Company overstated its revenue by inflating its user base by at least ten times; and (ii) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

If you are aware of any facts relating to this investigation, or purchased shares of NQ Mobile, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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