A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Audioeye Inc (OTC:AEYE) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on April 24, 2017 and OTC:AEYE investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/24/2017 -- The Shareholders Foundation announces that a deadline is coming up on April 24, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Audioeye Inc (OTC:AEYE) between May 14, 2014 and April 1, 2015.
Investors who purchased a significant amount of shares of Audioeye Inc (OTC:AEYE) between May 14, 2014 and April 1, 2015, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Audioeye Inc (OTC:AEYE) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/audioeye-inc-otc-aeye-investor-securities-class-action-lawsuit-04142015
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is April 24, 2017. The class action administrator for this case is JND Class Action Administration.
The lawsuit was originally filed in the U.S. District Court for the District of Arizona over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between May 14, 2014 and April 1, 2015. According to the complaint the plaintiff alleges on behalf of purchasers of Audioeye Inc (OTC:AEYE) common shares between May 14, 2014 and April 1, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Defendants made between May 14, 2014 and April 1, 2015 allegedly false and/or misleading statements and/or allegedly failed to disclose that AudioEye Inc's financial statements contained errors concerning the classification of revenues and expenses, that Audioeye Inc lacked adequate internal controls over its financial reporting, and that as a result of the foregoing, Audioeye Inc's financial statements were materially false and misleading at all relevant times. When the true details entered the market, the suit claims that investors suffered damages.
Those who purchased shares of Audioeye Inc (OTC:AEYE) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com