Cases
Applied Optoelectronics, Inc. (AAOI)
Securities Class Action
Overview
Overview
- Date:
- 10/2/2018
- Company Name:
- Applied Optoelectronics, Inc.
- Stock Symbol:
- AAOI
- Class Period:
- FROM 8/7/2018 TO 9/27/2018
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of Texas
NEW YORK, October 2, 2018 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of Texas on behalf of all persons or entities who purchased or otherwise acquired Applied Optoelectronics, Inc. (NASDAQ: AAOI) securities between August 7, 2018 through September 27, 2018 (the “Class Period”). Investors have until November 30, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Complaint alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that certain of the company’s lasers were susceptible to fail prematurely; (2) that certain of the company’s transceivers utilizing these lasers would be materially affected; and (3) that, as a result of the foregoing, defendant’s positive statements about the company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you purchased Applied Optoelectronics, Inc. securities during the Class Period or continue to hold shares purchased before the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The Complaint alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that certain of the company’s lasers were susceptible to fail prematurely; (2) that certain of the company’s transceivers utilizing these lasers would be materially affected; and (3) that, as a result of the foregoing, defendant’s positive statements about the company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you purchased Applied Optoelectronics, Inc. securities during the Class Period or continue to hold shares purchased before the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.