San Diego, CA -- (SBWIRE) -- 08/13/2018 -- An investor, who purchased shares of Vuzix Corporation (NASDAQ:VUZI), filed a lawsuit over alleged violations of Federal Securities Laws by Vuzix Corporation in connection with certain allegedly false and misleading statements.

Investors who purchased a shares of Vuzix Corporation (NASDAQ:VUZI) have certain options and for certain investors are short and strict deadlines running. Deadline: September 24, 2018. NASDAQ:VUZI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of persons and entities that a) acquired Vuzix Corporation (NASDAQ:VUZI) securities pursuant and/or traceable to the Company's false and/or misleading registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's January 2018 secondary public offering ("SPO" or the "Offering"); and/or, b) acquired Vuzix securities between November 9, 2017, and March 20, 2018, that the defendants violated Securities Act of 1933 and the Securities Exchange Act of 1934.More specifically, the plaintiff claims that defendants failed to disclosethat Vuzix used unlawful stock promotion tactics to boost the Company's stock price, that Vuzix Corporation used misleading stock promotion tactics to raise nearly $30 million at an all-time high share price, and that, as a result of the foregoing, Defendants' statements in the Registration Statement regarding Vuzix's business, operations, and prospects, were materially false and/or misleading.

Those who purchased shares of Vuzix Corporation (NASDAQ:VUZI) 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