TRADINGALERT: The Rosen Law Firm Reminds Rubicon Technology, Inc. Investors of the Important Class Action Deadline
May 22 2015 - 6:50PM
Business Wire
The Rosen Law Firm, a global investor rights firm, reminds
purchasers of Rubicon Technology, Inc. (NASDAQ: RBCN) common stock
in the Company’s public offering on or about March 19, 2014 (the
“Offering”) and on the open market thereafter of the important June
29, 2015 lead plaintiff deadline in the class action. The lawsuit
seeks to recover damages for Rubicon Technology investors under the
federal securities laws.
To join the Rubicon Technology class action, go to the firm’s
website at http://www.rosenlegal.com/cases-609.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that the Registration Statement issued in
connection with the Offering contained false and/or misleading
statements and/or failed to disclose material trends, events and
uncertainties known to management, which were reasonably expected
to materially impact Rubicon Technology’s income from continuing
operations, including: (1) the reversal of its trend of shrinking
losses; (2) higher-than-expected development costs; and (3)
inventory write-offs due to Rubicon Technology’s inability to sell
certain of its wafers during the first quarter of 2014 at prices
above their manufacturing cost, which led to an impairment under
applicable accounting rules and regulations. When the true details
entered the market, the lawsuit claims that investors suffered
damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than June
29, 2015. If you wish to join the litigation, go to the firm’s
website at http://www.rosenlegal.com/cases-609.html or to discuss
your rights or interests regarding this class action, please
contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20150522005957/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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