The US law firm is investigating the possibility of launching securities fraud charges against NetQin (NYSE:NQ)

Firm, the US Rosen law firm, announced in Thursday that it was investigating a possible allegation of securities fraud against the Nyse:nq, which had previously been alleged to have issued serious misleading business information to investors.

October 24, 2013, the U.S. shorting institutions Muddy Water (Muddy Waters study) released a report that the Network Qin seriously exaggerated the real financial performance. The report alleges: at least 72% of China's security services revenue, which was claimed by NetQin in 2012, was fictitious; the biggest customer of NetQin was the Net-Qin itself; the market in China was only about 1.5%, not about 55% of the company's own claim.

In addition, the report on the authenticity of the Net Qin cash balance, the Network Qin reported international revenue and its reports to the China Industry and Commerce administration and the U.S. Securities and Exchange Commission (SEC) to raise the question.

Based on these negative information, Rosen's law firm is preparing to launch a class action against NetQin.