NQ Mobile Wins Dismissal With Prejudice of Securities Fraud Case

On February 27, Skadden secured dismissal with prejudice of a securities fraud case against firm client NQ Mobile, Inc. and certain of its executives. The plaintiffs asserted claims under Section 10(b) and 20(a) of the Securities Exchange Act, alleging that the defendants misled investors about the value of the company and failed to timely disclose certain corporate acquisitions.