Rigrodsky & Long, P.A.:
-
Do you, or did you, own shares of Aixtron SE (NASDAQ GS: AIXG)?
-
Did you purchase your shares between September 25, 2014 and
December 9, 2015, inclusive?
-
Did you lose money in your investment?
Rigrodsky
& Long, P.A. announces that a complaint has been filed in the
United States District Court for the Southern District of New York on
behalf of all persons or entities that purchased the American Depository
Receipts (“ADRs”) of Aixtron SE (“Aixtron” or the “Company”) (NASDAQ GS: AIXG)
between September 25, 2014 and December 9, 2015, inclusive (the “Class
Period”), alleging violations of the Securities Exchange Act of 1934
against the Company and certain of its officers (the “Complaint”).
If you purchased ADRs of Aixtron during the Class Period and wish to
discuss this action or have any questions concerning this notice or your
rights or interests, please contact Timothy
J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by
e-mail to info@rl-legal.com; or
at: http://www.rigrodskylong.com/investigations/aixtron-se-aixg.
The Complaint alleges that throughout the Class Period, defendants made
materially false and misleading statements, and omitted materially
adverse facts, about the Company’s business, operations and prospects.
As a result of defendants’ alleged false and misleading statements, the
Company’s stock traded at artificially inflated prices during the Class
Period.
According to the Complaint, on October 13, 2015, the Company issued a
press release disclosing that it was revising its previously issued
revenue guidance for the full year 2015 from 220 million – 250 million
EUR down to 190 million - 200 million EUR due to “a postponement of
shipments to a large Chinese customer which were planned for delivery in
2015.” The Company also announced that “[t]hese deliveries are now
expected for 2016 depending on the progress of the ongoing milestone
based qualification process.”
Then, on December 9, 2015, the Company issued a press release announcing
that it had “reached an agreement with its Chinese customer San’an
Optoelectronics regarding a substantial reduction in the volume of AIX
R6 MOCVD systems ordered from 50 to the three which have already been
delivered.” The Company also disclosed that “the customer’s specific
qualification requirements were not achieved.”
On this news, ADRs in Aixtron plummeted over 40% in the following days,
closing at $4.49 per share on December 10, 2015, on heavy trading volume.
If you wish to serve as lead plaintiff, you must move the Court no later
than March 4, 2016. A lead plaintiff is a representative party
acting on behalf of other class members in directing the litigation. Any
member of the proposed class may move the court to serve as lead
plaintiff through counsel of their choice, or may choose to do nothing
and remain an absent class member.
Attorney advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160105006873/en/
Copyright Business Wire 2016