Cases
Vuzix Corporation (VUZI)
Securities Class Action
Overview
Overview
- Date:
- 3/21/2018
- Company Name:
- Vuzix Corporation
- Stock Symbol:
- VUZI
- Status:
- Closed/Complete
NEW YORK, March 21, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Vuzix Corporation (NASDAQ: VUZI). Our investigation concerns whether Vuzix has violated the federal securities laws and/or engaged in other unlawful business practices.
On March 16, 2018, a report was published by the short-seller Mox Reports that alleged that Vuzix recently used an undisclosed stock promotion involving dozens of mainstream media outlets to artificially inflate the share price and volume, and then raise $30 million.
Following publication of this report, the share price of Vuzix fell $0.70 over the next two trading days, or 9.15%, to close at $6.95 per share on March 20, 2018.
If you purchased or otherwise acquired Vuzix shares and suffered a loss, continue to hold shares, 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.
On March 16, 2018, a report was published by the short-seller Mox Reports that alleged that Vuzix recently used an undisclosed stock promotion involving dozens of mainstream media outlets to artificially inflate the share price and volume, and then raise $30 million.
Following publication of this report, the share price of Vuzix fell $0.70 over the next two trading days, or 9.15%, to close at $6.95 per share on March 20, 2018.
If you purchased or otherwise acquired Vuzix shares and suffered a loss, continue to hold shares, 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.