Market Overview

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 in Vuzix Corporation to Contact the Firm


Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Vuzix Corporation ("Vuzix" or the "Company") (NASDAQ:VUZI)
of the September 24, 2018 deadline to seek the role of lead plaintiff in
a federal securities class action that has been filed against the

If you invested in Vuzix stock or options between November 9, 2017
and March 20, 2018; and/or pursuant and/or traceable to the Company's
registration statement and prospectus issued in connection with its
January 2018 secondary public offering ("SPO" or the "Offering")
would like to discuss your legal rights, click
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
or at 212-983-9330 or by sending an e-mail to

The lawsuit has been filed in the U.S. District Court for the Southern
District of New York on behalf of all those who purchased Vuzix
securities between November 9, 2017 and March 20, 2018 (the "Class
Period") or pursuant to the Company's January 2018 SPO. The case, McDonel
v. Vuzix Corporation et al.,
Docket No. 18-cv-06656 was filed on
July 24, 2018 and has been assigned to Judge Louis Lee Stanton.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that (1): Vuzix was using
unlawful stock promotion tactics to boost its stock price; (2) that
Vuzix was engaging in misleading stock promotion tactics to raise nearly
$30 million at an all-time high share price; and (3) as a result of the
foregoing, defendants' claims in the Registration Statement regarding
Vuzix's business, operations, and prospects, were materially false
and/or misleading.

Specifically, on January 26, 2018, Vuzix commenced an SPO in which it
offered 3,000,000 shares of common stock at a price of $10.00 per share.
Then, on March 20, 2018, MOX Reports—a website headed by investor
Richard Pearson—released a report in which it accused Vuzix of
fraudulent stock inflation and marketing tactics.

On this news, Vuzix's share price fell from $6.95 per share on March 20,
2018 to a closing price of $5.95 on March 21, 2018—a $1.00 or a 14.39%

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative 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. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Vuzix's conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential

View Comments and Join the Discussion!