Deadline Upcoming in $2.35 Million Settlement in the Uni-Pixel Inc (NASDAQ: UNXL) Investor Lawsuit
A settlement was reached in the lawsuit filed on behalf of certain investors of Uni-Pixel Inc (NASDAQ: UNXL) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on April 22, 2015 and NASDAQ: UNXL investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 02/24/2015 --A deadline is coming up on April 22, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Uni-Pixel Inc (NASDAQ: UNXL) between December 7, 2012 and May 31, 2013.
Investors who purchased a significant amount of shares of Uni-Pixel Inc (NASDAQ: UNXL) between December 7, 2012 and May 31, 2013, have certain options and should contact the Shareholders Foundation by email at email@example.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Uni-Pixel Inc (NASDAQ: UNXL) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/uni-pixel-inc-nasdaq-unxl-investor-securities-class-action-lawsuit-06052013
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is April 22, 2015. The class action administrator for this case is Strategic Claims Services.
The lawsuit was originally filed in in the U.S. District Court for the Southern District of New York against Uni-Pixel Inc over alleged violations of Federal Securities Laws in connection certain allegedly false and misleading statements that were made between December 7, 2012 and May 31, 2013. According to the complaint the plaintiff alleges on behalf of purchasers of Uni-Pixel Inc (NASDAQ: UNXL) common stock during the period between December 7, 2012 and May 31, 2013, that Uni-Pixel Inc and certain of its officers violated the Securities Exchange Act of 1934.
More specifically, the plaintiff alleges that the defendants allegedly made false and/or misleading statements and/or failed to disclose material adverse facts concerning the nature and commercial potential of the agreements recently entered into by Uni-Pixel Inc with other companies to develop, manufacture and distribute UniBoss and Uni-Pixel Inc's ability to successfully produce UniBoss in commercially meaningful volumes without serious mechanical failures, and at the price points and margins, projected by management.
On December 7, 2012, Uni-Pixel Inc announced that Uni-Pixel Inc and a major PC maker entered into a Multi-Million Dollar preferred price and capacity license agreement to introduce products with UniBoss-based touch screens.
On April 16, 2013, Uni-Pixel Inc announced that it entered into a manufacturing and supply agreement with Eastman Kodak Company to produce next-generation touch sensors based on our UniBoss™ multi-touch sensor film. Shares of Uni-Pixel Inc (NASDAQ: UNXL) grew from $8.26 per share on December 6, 2012 to as high as $38.70 per share on April 26, 2013.
On May 20, 2013, Uni-Pixel Inc said that its PC partner recently reported delays with associated operating system software. Uni-Pixel Inc said that given its understanding of the PC maker's updated timeline, its expectations for products utilizing UniBoss touch sensors to be on the shelves has been shifted from the third quarter into the fourth quarter of this year.
Those who purchased shares of Uni-Pixel Inc (NASDAQ: UNXL) have certain options and should contact the Shareholders Foundation.
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View this press release online at: http://rwire.com/582817