Aixtron SE : American Depository Receipts Securities Litigation
On or around 12/30/2016 (Date of order of final judgment)
Filing Date: January 04, 2016
According to the law firm press release, the complaint alleges that throughout the Class Period, defendants failed to disclose that: (1) that the AIX R6 MOCVD systems that were to be shipped to the Company’s large Chinese customer (San’an Optoelectronics) did not meet the customer’s specific qualification requirements; (2) that, as such, the Company’s agreement with San’an Optoelectronics to ship 50 of the Company’s AIX R6 MOCVD systems to San’an Optoelectronics was unlikely to be executed; (3) that the impending failure to execute the original agreement would have a substantial negative impact on the Company’s prospects; and (4) that, as a result of the foregoing, Defendants’ statements about AIXTRON’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On May 9, 2016, the Court issued an Order appointing Lead Plaintiff and Lead Counsel. Lead Plaintiff filed a consolidated complaint on June 8.
On December 20, 2016, the Court issued an Order granting Defendant's Motion to Dismiss. Judgment was entered on December 30.
Company & Securities Information
Defendant: Aixtron SE
Ticker Symbol: AIXG
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Terry Bettis, et al. v. Aixtron SE, et al.
COURT: S.D. New York
DOCKET #: 16-CV-00025
JUDGE: Hon. Analisa Torres
DATE FILED: 01/04/2016
CLASS PERIOD START: 09/25/2014
CLASS PERIOD END: 12/09/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Glancy Prongay & Murray LLP 1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067 (310) 201-9150 (310) 432-1495 ·