NASDAQ: AAOI Investor Notice: Update in Lawsuit against Applied Optoelectronics, Inc. announced by Shareholders Foundation

Globe Newswire 14-May-2019 3:12 PM

SAN DIEGO, May 14, 2019 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit for certain investors in shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) is pending.

Investors, who purchased shares of Applied Optoelectronics, Inc. (NASDAQ:AAOI) in February 2017 or earlier and currently hold any of those NASDAQ: AAOI shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On October 1, 2018 a lawsuit was filed against Applied Optoelectronics, Inc. (NASDAQ:AAOI) over alleged violations of securities laws.  The plaintiff alleges that the defendants failed to disclose to investors that certain of the Company's lasers were susceptible to fail prematurely, that certain of the Company's transceivers utilizing these lasers would be materially affected, and that, as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. On March 5, 2019, an amended complaint was filed.

Those who purchased Applied Optoelectronics, Inc. (NASDAQ:AAOI) shares have certain options and should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc. 
Michael Daniels 
+1 (858) 779-1554 
mail@shareholdersfoundation.com
3111 Camino Del Rio North 
Suite 423 
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.