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INVESTOR ALERT: KAPLAN FOX AND WITES & KAPETAN REMIND INVESTORS OF DECEMBER 27, 2013 DEADLINE IN NQ MOBILE CLASS ACTION

Kaplan Fox and Wites & Kapetan remind investors that December 27, 2013 is the deadline to move the Court to serve as the lead plaintiff in the pending class action lawsuits against NQ Mobile, Inc. (“NQ Mobile” or “Company”) (NYSE: NQ). The case is pending in the United States District Court for the Eastern District of Texas (Case No. 2:13-cv-01048).  A copy of the complaint may be obtained from Kaplan Fox, Wites & Kapetan, or the Court. If you are a member of the proposed Class, you may move the court no later than December 27, 2013 to serve as a lead plaintiff for the proposed Class. You need not seek to...

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Kaplan Fox and Wites & Kapetan File Securities Class Action on Behalf of Purchasers of NQ Mobile American Depositary Shares During the Period May 5, 2011 and October 24, 2013

Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) and Wites & Kapetan, P.A. (www.wklawyers.com) have filed a class action suit against NQ Mobile, Inc. (“NQ Mobile” or “Company”) (NYSE: NQ), and certain officers and directors of the Company, alleging violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 on behalf of purchasers of NQ Mobile ADRs during the period May 5, 2011 through October 24, 2013, inclusive (the proposed “Class”), including investors who purchased ADRs in the May 2011 IPO underwritten by Piper Jaffray & Co., Oppenheimer & Co., and Canaccord Genuity. The complaint alleges that NQ Mobile,...

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INVESTOR ALERT: WITES & KAPETAN ANNOUNCES INVESTIGATION OF OSI SYSTEMS, INC.

On December 5, 2013, after the market closed, OSI Systems, Inc. (Nasdaq: OSIS) announced that its security division, Rapiscan Systems, was notified by the U.S. Transportation Security Administration (“TSA”) that a delivery order placed with Rapiscan on September 26, 2013 for Advanced Technology X-Ray (AT-2) based systems was being terminated for default.  As a result, the Company said it has de-booked the order which had a value of approximately $60 million.   The next trading day, December 6, 2013, shares of OSI Systems’ common stock declined by $6.97 per share, nearly 10%, to close at $64.75 per share. On December 9, 2013, OSI Systems issued a press release,...

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INVESTOR ALERT: WITES & KAPETAN ANNOUNCES INVESTIGATION OF BARNES & NOBLE, INC.

On July 29, 2013, Barnes & Noble, Inc. (“Barnes & Noble” or the “Company”) (NYSE: BKS) restated its financial results.  Following this news, shares of the Company’s common stock price declined by $0.85 per share, or 4.6%, to close at $17.56 per share on July 29, 2013. Then, on December 6, 2013, Barnes & Noble revealed that the Securities & Exchange Commission (“SEC”) has begun an investigation into the Company’s restatement of earnings announced on July 29, 2013.  The SEC investigation is also looking into a former non-executive employee’s allegation that the Company improperly allocated certain expenses between its NOOK...

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WITES & KAPETAN ANNOUNCES THAT CLASS ACTION LAWSUITS HAVE BEEN FILED AGAINST PHOTOMEDEX, INC.

On November 6, 2013, PhotoMedex, Inc. (“PhotoMedex” or the “Company”) (Nasdaq: PHMD) issued a press release reporting PhotoMedex’s third quarter 2013 financial and operating results and confirmed allegations that the Company had overstated its prospects for the Company’s key product, the no!no! device, in the Japanese market.  Specifically, PhotoMedex stated that there were “no consumer sales to the Company’s distributor in Japan.”  Following this news, PhotoMedex shares fell $1.13 per share, or 8.84%, from a close of $12.78 per share on November 5, 2013 to a close of $11.65 per share on November 6, 2013. A complaint has been filed in the...

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INVESTOR ALERT: WITES & KAPETAN ANNOUNCES INVESTIGATION OF TREMOR VIDEO, INC.’S DECLINE IN SHARE VALUE AND POSSIBLE CLASS ACTION LAWSUIT

Wites & Kapetan, P.A. announces their investigation of Tremor Video Inc. (NYSE: TRMR). On or about June 27, 2013, Tremor Video raised approximately $75 million in gross proceeds by selling 7.5 million shares at $10 per share in an Initial Public Offering (“IPO”). On November 7, 2013 after the market closed, Tremor Video reported its third quarter 2013 financial results. The Company disclosed that in the third quarter 2013 its revenue was $35.3 million and its net loss was $2.2 million. Following this news, the Company’s common stock declined by $4.54 per share, more than 49%, to close at $4.72...

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INVESTOR ALERT: WITES & KAPETAN ANNOUNCES INVESTIGATION OF VIOLIN MEMORY, INC.’S DECLINE IN SHARE VALUE AND POSSIBLE CLASS ACTION LAWSUIT

Wites & Kapetan, P.A. announces their investigation of Violin Memory, Inc. (“Violin Memory” or the “Company”) (NYSE:VMEM). On or about September 27, 2013, Violin Memory sold 18 million shares of common stock at $9 per share in its initial public offering (“IPO”). The underwriters of Violin Memory’s IPO were J.P. Morgan Securities, LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Baird & Co., and Pacific Crest Securities LLC (the “Underwriters”). On November 21, 2013, the company reported its financial results for the third fiscal quarter of 2014. The company reported a higher-than-expected net...

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INVESTOR ALERT: WITES & KAPETAN ANNOUNCES INVESTIGATION OF TILE SHOP, INC.’S DECLINE IN SHARE VALUE AND POSSIBLE CLASS ACTION LAWSUIT

Wites & Kapetan, P.A. announces their investigation of Tile Shop Holdings, Inc. (“Tile Shop” or the “Company) (Nasdaq: TTS). On November 14, 2013, shares of Tile Shop declined after short-seller Gotham City Research LLC said in a report that the Company, a specialty retailer of manufactured and natural stone tile, used improper accounting to inflate earnings. Following this news, shares of Tile Shop stock declined by $8.26 per share, ornearly39%, to close at $12.95 per share on November 14, 2013, on unusually heavy volume. The Law Offices of Wites & Kapetan, P.A.seeks to uncover additional information about this substantial loss of shareholder value, and potential investor claims against Tile...

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