UPCOMING DEADLINE ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in Aixtro...
February 08 2016 - 4:34PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has
been commenced in the United States District Court for the Southern
District of New York on behalf of purchasers of Aixtron SE (Nasdaq:
AIXG) (“Aixtron” or the “Company”) securities during the period
between September 25, 2014 and December 9, 2015, inclusive (the
“Class Period”). Investors who wish to become proactively involved
in the litigation have until March 4, 2016 to seek appointment as
lead plaintiff.
If you have suffered a loss from investment in Aixtron
securities purchased on or after September 25, 2014 and held
through the revelation of negative information during and/or at the
end of the Class Period, as described below, and would like to
learn more about this lawsuit and your ability to participate as a
lead plaintiff, without cost or obligation to you, please visit our
website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. No class has yet been certified in the above action.
Members of the Class will be represented by the lead plaintiff and
counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement for the Class in the action. The lead plaintiff will be
selected from among applicants claiming the largest loss from
investment in Company securities during the Class Period. Brower
Piven also encourages anyone with information regarding the
Company’s conduct during the period in question to contact the
firm, including whistleblowers, former employees, shareholders and
others.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants’
failure to disclose during the Class Period that a contract to ship
50 AIX R6 MOCVD systems to the Company’s large Chinese customer
would not be fulfilled as expected because the systems did not meet
the customer’s specific qualification requirements resulting in a
substantial negative impact on the Company’s prospects.
According to the complaint, following the Company’s October 13,
2015 disclosure that it was substantially lowering revenue guidance
for 2015 due to a postponement in the shipment of the 50 AIX R6
MOCVD systems and the Company’s December 9, 2015 announcement that
the contract with the Chinese customer was revised down from 50
systems to 3 that had already been shipped, the value of Aixtron
ADRs declined substantially.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you
choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be
a member of the class.
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version on businesswire.com: http://www.businesswire.com/news/home/20160208006337/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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