Shareholders Foundation, Inc.

NASDAQ:VUZI Shareholder Notice: Investigation over Potential Wrongdoing at Vuzix Corporation

An investigation on behalf of investors in Vuzix Corporation (NASDAQ:VUZI) shares over potential wrongdoing at Vuzix Corporation was announced.

 

San Diego, CA -- (SBWIRE) -- 11/23/2020 -- An investigation on behalf of investors in shares of Vuzix Corporation (NASDAQ: VUZI) was announced over potential breaches of fiduciary duties by certain officers and directors at Vuzix Corporation.

Investors who purchased shares of Vuzix Corporation (NASDAQ: VUZI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Vuzix Corporation (NASDAQ: VUZI officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

West Henrietta, NY based Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, the Asia-Pacific, Europe, and internationally. Vuzix Corporation reported that its annual Total Revenue declined from $8.09 million in 2018 to $6.67 million in 2019, and that its Net Loss increased from $21.85 million in 2018 to $26.47 million in 2019.

Shares of Vuzix Corporation (NASDAQ: VUZI) declined from $9.50 per share in early 2018 to as low as $1.03 per share in March 2020.

Those who purchased shares of Vuzix Corporation (NASDAQ: VUZI), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.