Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Vuzix Corporation (NASDAQ: VUZI) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Vuzix Corporation (NASDAQ: VUZI) concerning whether a series of statements by Vuzix Corporation 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 released by MOX stated “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.”
Following this news, NASDAQ: VUZI fell during intraday trading.
Based in West Henrietta, New York, and founded in 1997 Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally.
If you purchased shares of Vuzix Corporation (NASDAQ: VUZI) on or before March 16, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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