The settlement includes all persons who purchased the common stock of Rubicon Technology Inc (NASDAQ: RBCN) pursuant to the Company’s public offering on or about March 19, 2014.

May 20, 2016 - The court approved the settlement and entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.

January 28, 2016 - The court preliminarily approved the settlement.

January 19, 2016 - Parties filed a stipulation of settlement.

July 31, 2015 - The lead plaintiff filed an amended complaint.

July 15, 2015 - Lead plaintiff and lead counsel were appointed.

June 29, 2015 - Lead plaintiff motions were filed.

April 30, 2015 - An investor in shares of Rubicon Technology Inc (NASDAQ: RBCN) filed a lawsuit in the U.S. District Court for the Northern District of Illinois over alleged violations of Federal Securities Laws by Rubicon Technology Inc in connection with certain allegedly false and misleading statements made in connection with in Rubicon Technology Inc’s public stock offering on or about March 19, 2014 (“offering”).

According to the complaint the plaintiff alleges on behalf of purchasers of Rubicon Technology Inc (NASDAQ: RBCN) common stock in Rubicon Technology Inc’s public offering on or about March 19, 2014, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that that the Registration Statement in connection with in Rubicon Technology Inc’s public stock offering on or about March 19, 2014 contained allegedly untrue statements of material facts, allegedly omitted to state other facts necessary to make the statements made not misleading and was not prepared in accordance with the rules and regulations governing its preparation. The plaintiff alleges that the Registration Statement negligently failed to disclose material trends, events and uncertainties known to management that were reasonably expected to have a material impact on Rubicon Technology Inc’s income from continuing operations, including the reversal of its trend of shrinking losses, higher-than-expected development costs and inventory write-offs due to Rubicon Technology Inc’s inability to sell certain of its wafers during its 2014 first quarter at prices greater than their cost to manufacture, causing such inventory to be impaired under applicable accounting rules and regulations.

On December 6, 2013, Rubicon Technology Inc filed with the Securities and Exchange Commission (“SEC”) an amended shelf registration statement (the “Form S-3A”), which included a form of prospectus (the “Prospectus”) authorizing Rubicon Technology Inc and to-be-identified “selling stockholders” to sell up to $100,000,000 worth of shares of Rubicon Technology Inc common stock, at any time, in one or more offerings.

Shares of Rubicon Technology Inc (NASDAQ: RBCN) grew from $8.59 per share on December 13, 2013 to as high as $14.34 per share on March 7, 2014.

On March 19, 2014, Rubicon Technology Inc filed with the SEC a prospectus supplement (the “Prospectus Supplement”), offering to register for sale at $13.00 per share 2.5 million shares of Rubicon Technology Inc (NASDAQ: RBCN) common stock (not including an overallotment of 375,000 shares) by selling shareholder Cross Atlantic Funds (a group of funds controlled by one of Rubicon Technology Inc’s directors). The offering was sold pursuant to the Form S-3A, the Prospectus and the Prospectus Supplement (jointly referred to herein as the “Registration Statement”).

On May 1, 2014, Rubicon Technology Inc announced its first quarter of 2014 results and hosted a conference call regarding its first quarter of 2014.

The plaintiff claims that Rubicon Technology Inc reported disappointing financial results and revealed, among other things, that the trend of shrinking gross losses, operating losses, and losses per share from the prior quarters had dramatically reversed in the first quarter of 2014, reporting substantial increases in gross losses of $7.5 million, losses from operations of $10.9 million, and losses per share of $0.43.

The price of Rubicon Technology Inc (NASDAQ: RBCN) common stock declined by 16%, from about $10 per share to $8.51 per share, and declined another almost 6% to $8.01 per share on May 5, 2014.

On February 12, 2015, Rubicon Technology Inc reported its fourth quarter 2014 results. While its annual Total Revenue rose from $41.51 million in 2013 to $45.69 million in 2014, Rubicon Technology Inc’s Net Loss increased from $30.35 million in 2013 to $43.99 million in 2014.

Shares of Rubicon Technology Inc (NASDAQ: RBCN) declined to as low as $3.61 per share on April 13, 2015.