The Shareholders Foundation announces that an investigation for investors in shares of UniPixel Inc (NASDAQ:UNXL) is ongoing concerning potential breaches of fiduciary duties by certain UniPixel officers and directors that caused damages to the company and NASDAQ:UNXL stockholders.
Investors who purchased shares of UniPixel Inc (NASDAQ:UNXL) prior to December 2012 and currently hold any of those NASDAQ:UNXL shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain UniPixel officers and directors are liable in connection with the allegations made in a pending lawsuit against UniPixel Inc. The plaintiff in that lawsuit alleges that UniPixel Inc violated the Securities Exchange Act of 1934 by issuing between December 7, 2012 and May 31, 2013 allegedly materially false and misleading statements regarding the Company’s operations and business.
On December 7, 2012, UniPixel Inc announced that UniPixel Inc and a Major PC Maker entered into a Multi-Million Dollar preferred price and capacity license agreement to introduce products with uniBoss-based touch screens. On April 16, 2013, UniPixel Inc announced that it entered into a manufacturing and supply agreement with Eastman Kodak Company to produce next-generation touch sensors based on our UniBoss™ multi-touch sensor film.
Shares of UniPixel Inc (NASDAQ:UNXL) rose to $38.70 per share on April 26, 2013.
Then on May 11, 2013, a media report was published questioning Uni-Pixel’s prospects. Among other things, the article said that UniPixel Inc is entering a crowded field and aiming to compete against far more experienced producers.
On May 20, 2013, UniPixel Inc said that its PC partner recently reported delays with associated operating system software. UniPixel Inc said that given its understanding of the pc makers updated timeline, its expectations for products utilizing UniBoss touch sensors to be on the shelves has been shifted from the third quarter into the fourth quarter of this year.
On November 22, 2013, UniPixel Inc announced that the Securities and Exchange Commission(“SEC”) had issued subpoenas related to Uni-Pixel’s InTouch Sensors Technology.
On December 30, 2013 UniPixel Inc announced that its Chief Executive Officer had resigned.
Shares of UniPixel Inc (NASDAQ:UNXL) declined from $38.70 per share in late April 2013 to as low as $4.80 per share on May 9, 2014. On May 13, 2014, NASDAQ:UNXL shares closed at $5.26 per share.
Those who purchased shares of UniPixel Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com