Vuzix Corporation is an American multinational technology firm that supplies wearable display technology, virtual reality and augmented reality. Vuzix manufactures and sells computer display devices and software.

Plaintiff's law firm issued a press release on July 24, 2018, announcing the filing of the class action lawsuit. According to the press release, the Complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that Vuzix used unlawful stock promotion tactics to boost the Company’s stock price; (2) that Vuzix used misleading stock promotion tactics to raise nearly $30 million at an all-time high share price; and (3) that, as a result of the foregoing, Defendants’ statements in the Registration Statement regarding Vuzix’s business, operations, and prospects were materially false and/or misleading.

On October 15, 2018, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. The consolidated cases shall be captioned "In re Vuzix Corp. Securities Litigation." On December 14, Lead Plaintiff voluntarily dismissed this case.