OKLAHOMA CITY--(BUSINESS WIRE)--The law firm of Federman & Sherwood has initiated an investigation into Resonant, Inc. (NASDAQ: RESN) with respect to possible violations of federal securities laws.
On February 26, 2015, Resonant reported that the Company has “delivered a completed duplexer design for consideration to our first customer.” The Company further stated that their design did not meet all the specifications in the development agreement with the customer and the customer may not use the Company’s design in the future. On this news, shares of Resonant declined $5.80 per share to $9.62 in intraday trading on February 27, 2015.
If you currently own common stock in Resonant, Inc., have any information to assist in our investigation, or have questions or concerns regarding this notice or your rights or interests in this matter, please contact Federman & Sherwood. Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases across the country.