Energy News / Shareholders Foundation, Inc.

NASDAQ:AAOI Shareholder News: Lawsuit Alleges Misleading Statements by Applied Optoelectronics Inc

Via: ReleaseWire

Updated 11:00 AM CDT, Tue, August 22,2017

A lawsuit was filed on behalf of investors in Applied Optoelectronics Inc (NASDAQ:AAOI) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 08/22/2017 -- An investor in NASDAQ:AAOI shares filed a lawsuit against Applied Optoelectronics Inc over alleged Securities Laws violations in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Applied Optoelectronics Inc (NASDAQ:AAOI) should contact the Shareholders Foundation at or call 858-779-1554.

The plaintiff claims that between July 13, 2017 through August 3, 2017, the defendants made false and/or misleading statements and/or failed to disclose that a major customer was reducing its purchases of the Company's 40G receivers, that the loss of this major customer's business would have a severe negative impact on the Company's financial performance, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Applied Optoelectronics Inc (NASDAQ:AAOI) have certain options and should contact the Shareholders Foundation.

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

For more information on this press release visit:

Media Relations Contact
Michael Daniels
Email: Click to Email Michael Daniels