Resonant, Inc. is an American company that creates filter designs for radio frequency front-ends for the mobile device industry.

According to the law firm press release, the lawsuit alleges Resonant issued materially false and misleading statements to investors and/or failed to disclose that: (1) there were errors in Resonant’s financial statements for the three and six months ended June 30, 2014 and 2013; (2) Resonant’s disclosure controls and procedures were not effective as of June 30, 2014; and (3) Resonant would be unable to meet Milestone 4 pursuant to its development agreement in the first quarter of 2015. When the truth was revealed to investors, the price of Resonant shares fell, damaging investors.

On June 9, 2015, the Court issued an Order consolidating cases. On August 7, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on September 24. Defendants filed a Motion to Dismiss the amended Complaint on November 30.

On February 8, 2016, the Court issued an Order granting Defendants' motions to dismiss. Plaintiffs were given leave to file an amended Complaint, which they did on February 23.

The parties filed a Stipulation of Settlement on June 14, 2017. The Court issued an Order preliminarily approving the Settlement on July 13. The Court issued Final Judgment and Order of Dismissal with Prejudice on November 22. On June 26, 2018, the Court issued an Order authorizing distribution of net Settlement funds. On April 18, 2019, the Court issued an Order authorizing final distribution of funds and Cy Pres designation.