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RADNOR, Pa., July 25, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Vuzix Corporation (NASDAQ:VUZI) ("Vuzix" or the "Company") on behalf of purchasers of the Company's securities between November 9, 2017 and March 20, 2018, inclusive (the "Class Period").
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IMPORTANT DEADLINE: Investors who purchased Vuzix's securities during the Class Period may, no later than September 24, 2018, seek to be appointed as a lead plaintiff of the class. Additional information about this action may be found at http://kaskelalaw.com/case/vuzix-corporation/.
As detailed in the shareholder class action complaint, Vuzix and certain other defendants are alleged to have made a series of false and misleading statements during the Class Period and/or failed to disclose to investors that: (i) Vuzix used unlawful stock promotion tactics to boost its stock price; and (ii) Vuzix used misleading stock promotion tactics to raise nearly $30 million at an all-time high share price. The complaint further alleges that, as a result of the foregoing, investors purchased Vuzix's securities at artificially inflated prices during the Class Period, and sustained significant investment losses due to the defendants' conduct.
Vuzix investors are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 for additional information about this action, or go to http://kaskelalaw.com/case/vuzix-corporation/ to confidentially submit their information to the firm. Kaskela Law LLC exclusively represents investors in state and federal courts throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
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CONTACT:
KASKELA LAW LLC
David Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 – 1585
(888) 715 – 1740
info@kaskelalaw.com
www.kaskelalaw.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.