Milberg LLP announces that class action lawsuits have been filed in the United States District Court for the Southern District of New York and in the United States District Court for the Southern District of Texas on behalf of purchasers of Uni-Pixel, Inc. (“Uni-Pixel” or the “Company”) (NASDAQ: UNXL) common stock during the period between December 7, 2012 and May 31, 2013 (the "Class Period").
Milberg LLP has created a website (
) to answer questions about shareholder class actions.
The lawsuits allege Uni-Pixel and certain of its officers and directors (“Defendants”) violated the Securities Exchange Act of 1934, which led to an inflated stock price during the Class Period.
Specifically, the complaints allege that the Defendants made false and/or misleading statements concerning: (1) the nature and commercial potential of the agreements recently entered into by Uni-Pixel with other companies to develop, manufacture and distribute UniBoss; and (2) Uni-Pixel's ability to successfully produce UniBoss in commercially meaningful volumes without serious mechanical failures, and at the price points and margins projected by management.
During the Class Period, the price of Uni-Pixel stock traded as high as $41.00, but as the fraud became know to the market, the stock dropped as low as $15.21 per share.
If you purchased Uni-Pixel shares during the Class Period you may, no later than August 5, 2013, request that the Court appoint you lead plaintiff. A lead plaintiff is a class member that directs the litigation. Your share in any recovery will not be affected by serving as a lead plaintiff. You do not need to be a lead plaintiff to recover. You may retain Milberg LLP, or other attorneys, for this action, but do not need to retain counsel to recover. If this action is certified as a class action, class members will be automatically represented by Court-appointed counsel. The complaints in these actions were not filed by Milberg.