SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Resonant Inc. - RESN
NEW YORK, Feb. 27, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Resonant Inc. ("Resonant" or the "Company") (NASDAQ: RESN). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether Resonant and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 26, 2015, the Company announced that its design of a major product failed to meet the specifications in the Company's development agreement with its customer and the customer may not use the Company's design in the future.
On this news, shares of Resonant fell $5.36 per share to $10.11, or more than 34.65%, on February 27, 2015.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
SOURCE Pomerantz LLP
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