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 email@example.com 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.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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