Investigation Overview
December 14, 2015 (Shareholders Foundation) - An investigation on behalf of investors of AIXTRON SE (ADR) (NASDAQ:AIXG) shares over potential securities laws violations by AIXTRON SE and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of AIXTRON SE (ADR) (NASDAQ:AIXG) concerning whether a series of statements by AIXTRON SE regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
AIXTRON SE (ADR) reported that its annual Total Revenue rose from EUR182.8million to EURO193.80 million in 2014 and that its Net Loss declined from EUR101.02 million in 2013 declined to EUR62.51 million in 2014.
On December 9, 2015, AIXTRON SE (ADR) (NASDAQ:AIXG) disclosed that it has reached an agreement with its Chinese customer San'an Optoelectronics regarding a substantial reduction in the volume of AIX R6 MOCVD systems ordered from 50 to the three which have already been delivered. AIXTRON SE said that despite the efforts made by both parties, the customer's specific qualification requirements were not achieved.