SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Vuzix Corp. (VUZI)
NEW YORK, March 20, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the Vuzix Corp. ("Vuzix" or the "Company") (NASDAQ: VUZI). Such investors are advised to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/vuzi.
The investigation concerns whether Vuzix and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On March 16, 2017, post-market, Vuzix revealed that it had "determined that material weaknesses in intern control over financial reporting related to the financial reporting and close process monitoring of subsidiaries, and related to inventory existed as of December 31, 2016" and that, "Vuzix Corporation has not maintained effective internal control over financial reporting as of December 31, 2016." Following this news, Vuzix stock has dropped as much as $1.00 per share, or 13.89%, during intraday trading on March 17, 2017.
If you are aware of any facts relating to this investigation, or purchased Vuzix shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/vuzi. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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