Energy News / Shareholders Foundation, Inc.

Audioeye Inc (OTCMKTS:AEYE) Investor Alert: Deadline in Lawsuit on June 15, 2015

Via: ReleaseWire

Updated 7:30 AM CDT, Wed, June 03,2015

A Deadline is coming up on June 15, 2015in the lawsuit for investors in Audioeye Inc (OTCMKTS:AEYE) and OTCMKTS:AEYE stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (ReleaseWire) -- 06/03/2015 -- A deadline is coming up on June 15, 2015 in the lawsuit filed for investors of Audioeye Inc (OTCMKTS:AEYE over alleged securities laws violations by Audioeye.

Investors who purchased shares of Audioeye Inc (OTCMKTS:AEYE) have certain options and there are strict and short deadlines running. Deadline: June 15, 2015. Audioeye stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the District of Arizona the plaintiff alleges on behalf of purchasers of Audioeye Inc (OTCMKTS:AEYE) common shares between May 14, 2014 and April 1, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Defendants made between May 14, 2014 and April 1, 2015 allegedly false and/or misleading statements and/or allegedly failed to disclose that AudioEye's financial statements contained errors concerning the classification of revenues and expenses, that Audioeye Inc lacked adequate internal controls over its financial reporting, and that as a result of the foregoing, Audioeye's financial statements were materially false and misleading at all relevant times. When the true details entered the market, the suit claims that investors suffered damages.

On April 1, 2015, Audioeye Inc (OTCMKTS:AEYE) announced that on March 26, 2015, the Audit Committee of the Company's Board of Directors, based in part on the recommendation of the Company's management and in consultation with the Company's auditors and advisors, concluded that because of errors identified in the Company's previously issued financial statements, the Company will restate its previously issued financial statements for the quarters ended March 31, June 30 and September 30, 2014. Audioeye Inc said that the Audit Committee also authorized an internal review of controls and policies and that investors should no longer rely upon the Company's previously released financial statements or other financial data for these periods, including any interim period financial statements, and any earnings releases relating to these periods.

Those who purchased shares of Audioeye Inc (OTCMKTS:AEYE) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/audioeye-inc-otcmktsaeye-investor-alert-deadline-in-lawsuit-on-june-15-2015-602040.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com