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Morgan Morgan Announces that Securities Class Act

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Post# of 51
Posted On: 06/11/2013 2:52:09 AM
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Posted By: sevenOdouble
Morgan & Morgan Announces that Securities Class Action Lawsuits Have Been Filed Against Uni-Pixel, Inc.



NEW YORK ,  June 10, 2013 /PRNewswire/ -- Morgan & Morgan announces that two class action lawsuits have been filed in the United States District Court for the Southern District of  New York and in the United States District Court for the Southern District of  Texas on behalf of purchasers of Uni-Pixel, Inc. ("Uni-Pixel" or the "Company") (Nasdaq: UNXL) common stock during the period between  December 7, 2012 and  May 31, 2013 (the "Class Period").


If you purchased Uni-Pixel during the Class Period, you may, no later than  August 5, 2013 , request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.


If you want more information about the  Uni-Pixel Securities Class Action , please contact  George Pressly, Esq. at 1 (800) 631-6234 or email at  AskGeorge@morgansecuritieslaw.com .


The complaints allege that throughout the Class Period, Defendants made materially false and/or misleading statements as well as failed to disclose material adverse facts about the Company's business, operations and prospects. Specifically, Defendants made false and/or misleading statements concerning: (1) the nature and commercial potential of the agreements recently entered into by Uni-Pixel with other companies to develop, manufacture and distribute UniBoss; and (2) Uni-Pixel's ability to successfully produce UniBoss in commercially meaningful volumes without serious mechanical failures, and at the price points and margins projected by management.


The complaints further allege that the market price of Uni-Pixel's common stock declined in May, 2013 as the market learned that the Company's prospects were not as represented during the Class Period, with the stock price dropping from its Class Period high of  $41.00 per share on  April 17, 2013 to close at  $15.21 per share on  May 31, 2013 .


About Morgan & Morgan  
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to  shareholder rights , the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."


Attorney advertising. Prior results do not guarantee a similar outcome.


Contact:  
Morgan & Morgan  
Peter Safirstein, Esq.
28 West 44 th Street  
Suite 2001  
New York, NY 10036  
1-800-631-6234  
info@morgansecuritieslaw.com


SOURCE Morgan & Morgan






Source: PR Newswire (June 10, 2013 - 4:33 PM EDT) 

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