Case Page

 

Case Status:    ONGOING    
On or around 10/04/2017 (Ongoing date of last review)

Filing Date: August 05, 2017

According to the law firm press release, Applied Optoelectronics, Inc. develops and manufactures advanced optical products which are the building blocks for broadband and fiber access networks primarily for Internet data center, cable television (CATV), and fiber-to-the-home (FTTH) networking end-market.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) a major customer was reducing its purchases of the Company’s 40G receivers; (ii) the loss of this major customer’s business would have a severe negative impact on the Company’s financial performance; and (iii) as a result of the foregoing, Optoelectronics’ public statements were materially false and misleading at all relevant times.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AAOI
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

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.
COURT: S.D. Texas
DOCKET #: 17-CV-02399
JUDGE: Hon. Vanessa D Gilmore
DATE FILED: 08/05/2017
CLASS PERIOD START: 07/13/2017
CLASS PERIOD END: 08/03/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Steckler Gresham Cochran PLLC
    12720 Hillcrest Rd, Suite 1045, Steckler Gresham Cochran PLLC, TX 75230
    (972) 387-4040 (972) 387-4041 ·
  2. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
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