APPLIED OPTOELECTRONICS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Applied Optoelectronics, Inc. - (AAOI)
NEW ORLEANS, Sept. 19, 2017 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 4, 2017 to file lead plaintiff applications in a securities class action lawsuit against Applied Optoelectronics, Inc. (Nasdaq:AAOI), if they purchased the Company’s securities between July 13, 2017 and August 3, 2017, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of Texas.
Get Help
Applied Optoelectronics investors should visit us at https://www.claimsfiler.com/cases/view-applied-optoelectronics-inc-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Applied Optoelectronics and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) purchases of the Company’s 40G receivers by one of its largest customer accounts were being reduced; (ii) this reduction was expected to have a severe negative impact on the Company’s financial performance; and (iii) as a result of the foregoing, Applied Optoelectronics’ financial statements were materially false and misleading at all relevant times.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.
