ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until September 24, 2018 to file lead plaintiff applications in a securities class action lawsuit against Vuzix Corporation (NasdaqCM: VUZI). Investor losses must relate to purchases of the Companys securities: a) issued in connection with the Companys January 25, 2018 Secondary Public Offering; and/or, b) between November 9, 2017, and March 20, 2018. This action is pending in the United States District Court for the Southern District of New York.
Vuzix investors should visit us at https://www.claimsfiler.com/cases/view-vuzix-corporation-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
On March 16, 2018, Mox Reports published an in-depth report charging the Company with utilizing an illegal and wide-ranging stock promotion scheme to artificially inflate its share price and volume, and then raise $30 million. On this news, the price of Vuzix shares plummeted $1.70/share, or more than 22%, over three trading sessions, to close at $5.95/share on March 21, 2018.
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ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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