Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $2.75 Million Settlement in the Resonant Inc (NASDAQ:RESN) Investor Lawsuit

Via: ReleaseWire

Updated 11:45 AM CST, Thu, November 09,2017

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Resonant Inc (NASDAQ:RESN) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on November 10, 2017 and NASDAQ:RESN investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 11/09/2017 -- The Shareholders Foundation announces that a deadline is coming up on November 10, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Resonant Inc (NASDAQ:RESN) between November 06, 2014 and February 26, 2015.

Investors who purchased a significant amount of shares of Resonant Inc (NASDAQ:RESN) between November 06, 2014 and February 26, 2015, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Resonant Inc (NASDAQ:RESN) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/resonant-inc-nasdaq-resn-investor-securities-class-action-lawsuit-03172015

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is November 10, 2017. The class action administrator for this case is JND Class Action Administration LLC.

The lawsuit was originally filed in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Resonant Inc in connection with certain allegedly false and misleading statements made between August 14, 2014, and February 26, 2015. According to the complaint the plaintiff alleges on behalf of purchasers of Resonant Inc (NASDAQ:RESN) common shares between August 14, 2014, and February 26, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Resonant Inc issued allegedly materially false and misleading statements to investors and/or allegedly failed to disclose that there were errors in Resonant Inc's financial statements for the three and six months ended June 30, 2014 and 2013, that Resonant Inc's disclosure controls and procedures were not effective as of June 30, 2014, and that Resonant Inc would be unable to meet Milestone 4 pursuant to its development agreement in the first quarter of 2015. When the truth was revealed to investors, the price of Resonant Inc shares fell, damaging investors.

Those who purchased shares of Resonant Inc (NASDAQ:RESN) 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.sbwire.com/press-releases/deadline-upcoming-in-275-million-settlement-in-the-resonant-inc-nasdaqresn-investor-lawsuit-889679.htm

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