Audioeye Inc

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: Audioeye Inc
Stock Symbol : (OTC: AEYE)
Class Period Start: 05/14/2014
Class Period End: 04/01/2015
Lead Plaintiff motion: 06/15/2015
Date Filed: 04/14/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the District of Arizona
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the June 15, 2015 lead plaintiff deadline in a class action lawsuit filed against Audioeye Inc (OTC: AEYE) (“Audioeye” or “the Company”). The suit is pending in the U.S. District Court for the District of Arizona and investors, who purchased Audioeye securities between May 14, 2014 and April 1, 2015, have until June 15, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Audioeye securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that (1) AudioEye's financial statements contained errors concerning the classification of revenues and expenses; (2) the Company lacked adequate internal controls over its financial reporting; and (3) as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.

On April 1, 2015, AudioEye Inc announced that its previously issued financial statements for the quarters ended March 31, June 30 and September 30, 2014 will be restated due to errors. Additionally, AudioEye stated that its preliminary earnings release issued by the Company on January 12, 2015 relating to the quarter and year ended December 31, 2014 should no longer be relied upon. The Company also announced that, Edward O'Donnell, resigned as the Company's Chief Financial Officer.

Following this announcement, Audioeye Inc (OTC: AEYE)  fell 22% during intraday trading on April 1, 2015.

If you were negatively impacted by your investment in Audioeye  securities between May 14, 2014 and April 1, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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Please find below an excerpt of the complaint filed

Audioeye Inc Complaint 2015

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