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NQN Nuveen New York Investment Quality Municipal Fund, Inc.

14.97
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Nuveen New York Investment Quality Municipal Fund, Inc. NYSE:NQN NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.97 0.00 01:00:00

ALERT: The Rosen Law Firm Announces Investigation On Behalf of Purchasers of NQ Mobile Inc. Convertible Senior Notes --- NQ

28/10/2013 6:16pm

Business Wire


Nuveen New York Investment Quality Municipal Fund, Inc. (NYSE:NQN)
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The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against NQ Mobile Inc. (NYSE:NQ) resulting from allegations that the company may have issued materially misleading business information to the investing public in connection with its offering of $172.5 million of convertible senior notes on October 9, 2013.

On October 24, 2013 Muddy Waters Research issued a report asserting that NQ has greatly exaggerated its true financial performance. The report states, among others things, that: at least 72% of NQ’s purported China security revenue is fictitious; NQ’s largest customer is actually itself; and NQ’s actual market share in China is approximately 1.5% as opposed to 55% as the company claims. In addition, the report also questions the veracity of NQ’s cash balance, its reported international revenue and its financial statements filed with the State Administration for Industry & Commerce of the People’s Republic of China and U.S. Securities and Exchange Commission.

The Rosen Law Firm is preparing a lawsuit on behalf of convertible bondholders as a result of this adverse information. If you purchased NQ convertible senior notes, you may visit the website at http://rosenlegal.com to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm has demonstrated experience representing convertible bondholders against China-based issuers. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen Law Firm P.A.275 Madison Avenue 34th FloorNew York, New York 10016Tel: 212-686-1060Toll Free: 1-866-767-3653Fax: 212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com

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