LOS ANGELES, CA / ACCESSWIRE / September 21, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Vuzix Corporation ("Vuzix" or "the Company") (NASDAQ: VUZI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between November 9, 2017 and March 20, 2018, inclusive (the ''Class Period''), are encouraged to contact the fir m before September 24, 2018.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market throughout the class period. Vuzix used stock promotion strategies and tactics to unlawfully boost its share price. The Company used these misleading promotional tactics to raise $30 million at an all-time high stock price. Based on these facts, the Company's public statements and disclosures were false and misleading throughout the class period. When the market learned the truth about Vuzix, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
SOURCE: The Schall Law Firm