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Vuzix Corporation (NASDAQ:VUZI) Investor Investigation Announced

  • If you purchased shares of Vuzix Corporation (NASDAQ:VUZI), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Vuzix Corporation
Security
NASDAQ: VUZI

Summary

April 3, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Vuzix Corporation (NASDAQ:VUZI) was announced over potential breaches of fiduciary duties by certain directors at Vuzix Corporation.

The investigation by a law firm concerns whether certain Vuzix Corporation directors breached their fiduciary duties and caused damage to the company and its shareholders.

On March 16, 2017, Vuzix Corporation announced that it had 'determined that material weaknesses in intern control over financial reporting related to the financial reporting and close process monitoring of subsidiaries, and related to inventory existed as of December 31, 2016' and that, 'Vuzix Corporation has not maintained effective internal control over financial reporting as of December 31, 2016.'

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