ALERT: Morgan & Morgan Announces That a Class Action Lawsuit Has Been Filed Against Rubicon Technology, Inc. (RBCN) and of the Lead Plaintiff Deadline of June 29, 2015

NEW YORK, May 8, 2015 (GLOBE NEWSWIRE) -- Morgan & Morgan announces that a securities class action lawsuit is pending in the United States District Court for the Northern District of Illinois against Rubicon Technology, Inc. RBCN ("Rubicon" or the "Company) on behalf of all purchasers of the common stock in the Company's public offering on or about March 19, 2014 (the "Offering").

If you purchased Rubicon securities during the Class Period, you may, no later than June 29, 2015, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of all class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

If you want more information about the Rubicon Technology, Inc. Securities Class Action, contact Morgan & Morgan at 1(800) 732-5200 or email info@morgansecuritieslaw.com.

Rubicon and certain of its executives are charged with failing to disclose material information in connection with the Offering, violating federal securities laws. 

On May 1, 2014, Rubicon reported disappointing financial results and revealed, among other things, that the trend of shrinking gross losses, operating losses, and losses per share from the prior quarters had dramatically reversed in the first quarter of 2014.  Rubicon further states that it had gross losses of $7.5 million, losses from operations of $10.9 million, and losses per share of $0.43. Following this news, the price of Rubicon's shares fell by more than 16%, to close at $8.51 on May 2, 2014.

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