LOS ANGELES, CA / ACCESSWIRE / September 20, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Applied Optoelectronics, Inc. ("Applied Optoelectronics" or the "Company") (NASDAQ: AAOI) for possible violations of federal securities laws from July 13, 2017 through August 3, 2017, inclusive (the "Class Period"). Investors who purchased or otherwise acquired Applied Optoelectronics shares during the Class Period should contact the firm prior to the October 4, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at [email protected].
No class has been certified in the above action yet. Until a class is certified, you are not considered to be represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, during the Class Period, Applied Optoelectronics made false and/or misleading statements, and/or failed to disclose: that a major customer was decreasing its purchases of the Company's 40G receivers; that the loss of this major customer's business would have a severe negative impact on the Company's financial performance; and that as a result, the Company's public statements were materially false and misleading at all relevant times. When this news went public, Applied Optoelectronics' stock price lowered materially, which caused investors harm according to the Complaint.
Lundin Law PC was founded by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may constitute Attorney Advertising in certain jurisdictions under the applicable law and rules of ethics.
Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
[email protected]
http://lundinlawpc.com/
SOURCE: Lundin Law PC