NEW YORK, June 5, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Uni-Pixel, Inc. (Nasdaq:UNXL) stock between December 7, 2012 and May 31, 2013.
For more information, click here: http://zlk.9nl.com/unipixel-unxl/.
The complaint alleges that during the class period, defendants failed to disclose that: (a) the terms of Uni-Pixel's purported December 2012 licensing agreement with a "Major PC Maker" were either immaterial or legally unenforceable; (b) the terms of Uni-Pixel's purported April 2013 licensing agreement with a "Major Ecosystem Partner" were either immaterial or legally unenforceable; (c) the terms of Uni-Pixel's purported April 2013 manufacture and supply agreement with Kodak were either immaterial or legally unenforceable; and that (d) there were significant design defects in the Company's UniBoss product. It is further alleged that, due to the aforementioned, defendants knew the Company's projected sales and earnings were unattainable.
In May 2013, the complaint alleges, the price of Uni-Pixel stock fell precipitously when the market learned the true state of the Company's business and operations. In particular, Uni-Pixel stock fell during the Class Period from a high of $72.54 per share on November 30, 2012, to a close of $15.21 per share on May 31, 2013.
If you suffered a loss in Uni-Pixel you have until August 5, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/unipixel-unxl/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP