Aixtron SE
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Aixtron SE |
Stock Symbol : | NASDAQ: AIXG |
Class Period Start: | 09/25/2014 |
Class Period End: | 12/09/2015 |
Lead Plaintiff motion: | 03/04/2016 |
Date Filed: | 01/04/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the March 4, 2016 lead plaintiff deadline in a class action lawsuit filed against Aixtron SE (NASDAQ: AIXG) (“Aixtron” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Aixtron SE securities between September 25, 2014 and December 9, 2015, have until March 4, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Aixtron SE securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 the AIX R6 MOCVD systems that were to be shipped to Aixtron’s large Chinese customer (San’an Optoelectronics) did not meet the customer’s specific qualification requirements; Aixtron’s agreement with San’an Optoelectronics to ship 50 of Aixtron’s AIX R6 MOCVD systems to San’an Optoelectronics was unlikely to be executed; and the impending failure to execute the original agreement would have a substantial negative impact on Aixtron’s prospects. On December 9, 2015 Aixtron SE disclosed that Chinese LED maker Sana Optoelectronics had cut its orders for Aixtron's AIX R6 MOCVD systems from 50 to the three already delivered to Sanan because Aixtron's product failed to meet Sanan's "specific qualifications requirements." Following this news, shares of Aixtron fell over 40% over the next two days. If you were negatively impacted by your investment in Aixtron SE securities between September 25, 2014 and December 9, 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185
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