An investigation for investors in Vuzix Corporation (NASDAQ:VUZI) shares over potential securities laws violations by Vuzix Corporation was announced.
San Diego, CA -- (SBWIRE) -- 04/02/2018 -- Vuzix Corporation is under investigation over possible securities laws violations in connection with certain financial statements made by Vuzix Corporation.
Investors who purchased shares of Vuzix Corporation (NASDAQ:VUZI), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Vuzix Corporation (NASDAQ:VUZI) concerning whether a series of statements by Vuzix Corporation (NASDAQ:VUZI regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 16, 2018, a report was issued stating "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." Shares of Vuzix Corporation (NASDAQ:VUZI) declined on March 21, 2018 to as low as $5.80 per share.
Those who purchased shares of Vuzix Corporation (NASDAQ:VUZI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego