Levi & Korsinsky, LLP announces the filing of a class action lawsuit in the USDC for the Southern District of New York on behalf of shareholders of Aixtron SE (NASDAQ: AIXG) who purchased shares between September 25, 2014 and December 9, 2015.
The complaint alleges that Aixtron failed to disclose that: (1) the AIX R6 MOCVD systems that were to be shipped to the Company’s customer San’an Optoelectronics did not meet the customer’s specific qualification requirements; (2) that, as such, the Company’s agreement with San’an Optoelectronics to ship 50 of the Company’s AIX R6 MOCVD systems to San’an Optoelectronics was unlikely to be executed; (3) that the impending failure to execute the original agreement would have a substantial negative impact on the Company’s prospects; and (4) that, as a result of the foregoing, Defendants’ statements about AIXTRON’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. If you suffered a loss in Aixtron you have until March 4, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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