NQ Mobile lawsuit recent updates

In the lawsuit (nysdce 1:2013-cv-07608) against NQ Mobile and related entities, Piper Jaffray, Oppenheimer, and Canaccord Genuity have had the case dismissed. PricewaterhouseCoopers International is filing for dismissal.  NQ Mobile China executives have agreed to be served and are filing for dismissal.

These three items alone, point to a clean audit being close to completion or done!  The lawsuit was previously under a motion to delay the last few months, until it was available.

The interesting aspect of this case is it’s basis on the Muddy Waters article, which the NQ Mobile letter to the court (link above) addresses.

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Sifting through the sludge, to find better investments.

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