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Stock Market & Financial Investment News

News Breaks
June 4, 2014
08:18 EDTNQNQ Mobile reports on Special Committee's independent investigation
NQ Mobile announced the results of the independent investigation conducted by an independent Special Committee of its Board of Directors and carried out by its independent counsel to review fraud allegations made by short seller Muddy Waters the previous day. The Investigation Team conducted a far-ranging investigation of NQ's business activities and financial records in response to the allegations made in Muddy Waters' October 24, 2013 report. The Investigation Team did not find any evidence that the company had engaged in the fraudulent conduct alleged by Muddy Waters. The Investigation Team has made a series of recommendations to further enhance the company's internal controls, which the company's Board of Directors has adopted and directed the company's management to implement.
News For NQ From The Last 14 Days
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February 2, 2016
06:13 EDTNQNQ Mobile appoints Justin Chen as president, General Counsel
NQ Mobile announced the appointment of Justin Chen as its president and General Counsel effective as of February 2. The appointment of Chen, former independent director, to president and General Counsel necessitated a number of other changes to the company's board. While Justin Chen remains as a director of the board, he has resigned from his positions as a member of each of the audit committee, compensation committee and corporate governance and nominating committee of the board. To fill in the vacancies, the company has appointed Dr. Ethan Hu as an independent director, the Chair of the audit committee and a member of each of the compensation committee and the corporate governance and nominating committee of the board, effective as of February 2. Justin Chen has served as the cmpany's director since July 2014.

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