VUZIX SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Vuzix Corporation - VUZI
NEW ORLEANS, Sept. 14, 2018 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 24, 2018 to file lead plaintiff applications in a securities class action lawsuit against Vuzix Corporation (NasdaqCM: VUZI), if they purchased the Company’s securities: a) issued in connection with the Company’s January 25, 2018 Secondary Public Offering; and/or, b) between November 9, 2017, and March 20, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
Vuzix investors should visit us at https://www.claimsfiler.com/cases/view-vuzix-corporation-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Vuzix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 16, 2018, Mox Reports published an in-depth report charging the Company with utilizing an illegal and wide-ranging stock promotion scheme to artificially inflate its share price and volume, and then raise $30 million.
On this news, the price of Vuzix shares plummeted $1.70 per share, or more than 22%, on heavy volume, over the course of three trading sessions, to close on March 21, 2018 at $5.95 per share.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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