Energy News / Shareholders Foundation, Inc.

NASDAQ:VUZI Investor Alert: Deadline on September 24th in Lawsuit Against Vuzix Corporation

Via: ReleaseWire

Updated 12:00 PM CDT, Mon, September 17,2018

A Deadline is coming up on September 24, 2018 in the lawsuit for investors in Vuzix Corporation (NASDAQ:VUZI) and NASDAQ:VUZI stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 09/17/2018 -- A deadline is coming up on September 24, 2018 in the lawsuit filed for investors of Vuzix Corporation (NASDAQ:VUZI over alleged securities laws violations by Vuzix.

Investors who purchased shares of Vuzix Corporation (NASDAQ:VUZI) have certain options and there are strict and short deadlines running. Deadline: September 24, 2018. NASDAQ:VUZI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Vuzix Corporation (NASDAQ:VUZI) securities pursuant and/or traceable to the Company's false and/or misleading registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's January 2018 secondary public offering ("SPO" or the "Offering"); and/or, b) acquired Vuzix securities between November 9, 2017, and March 20, 2018, that the defendants violated Securities Act of 1933 and the Securities Exchange Act of 1934.More specifically, the plaintiff claims that defendants failed to disclosethat Vuzix used unlawful stock promotion tactics to boost the Company's stock price, that Vuzix Corporation used misleading stock promotion tactics to raise nearly $30 million at an all-time high share price, and that, as a result of the foregoing, Defendants' statements in the Registration Statement regarding Vuzix's business, operations, and prospects, were materially false and/or misleading.

Those who purchased shares of Vuzix Corporation (NASDAQ:VUZI) 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

The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqvuzi-investor-alert-deadline-on-september-24th-in-lawsuit-against-vuzix-corporation-1048671.htm

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