NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims against Vuzix Corporation (NASDAQ:VUZI). Our investigation concerns whether Vuzix has violated the federal securities laws and/or engaged in other unlawful business practices.
On March 16, 2018, a report was published by the short-seller Mox Reports that alleged that Vuzix recently used an undisclosed stock promotion involving dozens of mainstream media outlets to artificially inflate the share price and volume, and then raise $30 million.
Following publication of this report, the share price of Vuzix fell $0.70 over the next two trading days, or 9.15%, to close at $6.95 per share on March 20, 2018.
If you purchased or otherwise acquired Vuzix shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Vuzix Corporation, please go to http://www.bespc.com/vuzi. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.