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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

September 1, 2018

NEW ORLEANS--(BUSINESS WIRE)--Aug 31, 2018--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.

Get Help

Vuzix investors should visit us at https://www.claimsfiler.com/cases/view-vuzix-corporation-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.

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.

About ClaimsFiler

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. ClaimsFiler’s team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180831005385/en/

CONTACT: ClaimsFiler

Jerry Gallo, 844-367-9658

https://www.claimsfiler.com

KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: ClaimsFiler

Copyright Business Wire 2018.

PUB: 08/31/2018 10:50 PM/DISC: 08/31/2018 10:50 PM

http://www.businesswire.com/news/home/20180831005385/en

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