AudioEye Incorporated offers a digital accessibility platform that helps businesses achieve website and online content accessibility compliance.

According to the law firm press release, the lawsuit alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) AudioEye’s financial statements contained errors concerning the classification of revenues and expenses; (2) the Company lacked adequate internal controls over its financial reporting; and (3) as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times. When the true details entered the market, the suit claims that investors suffered damages.

On August 3, 2015, the Court issued an Order appointing Lead Plaintiff and Lead Counsel. Lead Plaintiffs filed a consolidated and amended Complaint on November 30.

The parties entered into a Stipulation of Settlement on December 13, 2016. Preliminary approval was granted on January 23, 2017. Final approval was granted on May 8.