A lawsuit was filed on behalf of investors in AIXTRON SE (ADR) (NASDAQ:AIXG) shares over alleged securities laws violations and NASDAQ:AIXG investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/25/2016 -- A shareholder in shares of AIXTRON SE (ADR) (NASDAQ:AIXG), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by AIXTRON SE in connection with certain allegedly false and misleading statements.
Investors who purchased shares of AIXTRON SE (ADR) (NASDAQ:AIXG) have certain options and for certain investors are short and strict deadlines running. Deadline: March 4, 2016, NASDAQ:AIXG investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of AIXTRON SE (ADR) (NASDAQ:AIXG) common shares between September 25, 2014 and December 9, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 25, 2014 and December 9, 2015 the defendants allegedly failed to disclose that the AIX R6 MOCVD systems that were to be shipped to the Company's large Chinese customer (San'an Optoelectronics) did not meet the customer's specific qualification requirements, that, as such, the Company's agreement with San'an Optoelectronics to ship 50 of the Company's AIX R6 MOCVD systems to San'an Optoelectronics was unlikely to be executed, that the impending failure to execute the original agreement would have a substantial negative impact on the Company's prospects, and thaat, as a result of the foregoing, Defendants' statements about AIXTRON's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On October 13, 2015, AIXTRON SE disclosed that it was revising its previously issued revenue guidance for the full year 2015 from 220 million – 250 million EUR down to 190 million - 200 million EUR due to "a postponement of shipments to a large Chinese customer which were planned for delivery in 2015." AIXTRON SE also announced that "[t]hese deliveries are now expected for 2016 depending on the progress of the ongoing milestone based qualification process."
On December 9, 2015, AIXTRON SE disclosed that it has reached an agreement with its Chinese customer San'an Optoelectronics regarding a substantial reduction in the volume of AIX R6 MOCVD systems ordered from 50 to the three which have already been delivered. AIXTRON SE said that despite the efforts made by both parties, the customer's specific qualification requirements were not achieved. Shares of AIXTRON SE (ADR) (NASDAQ:AIXG) declined to as low as $3.41 per share on January 20, 2016.
On January 22, 2016, NASDAQ:AIXG shares closed at $4.00 per share.
Those who purchased shares of AIXTRON SE (ADR) (NASDAQ:AIXG) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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