SAN DIEGO, Aug. 27, 2017 /PRNewswire/ -- Johnson & Weaver, LLP (J&W) reminds investors that a class action case was filed against Applied Optoelectronics, Inc. (NASDAQ: AAOI) ("Applied Optoelectronics") for purchasers of the stock between July 13, 2017 through August 3, 2017, inclusive (the "Class Period").
The complaint alleges that throughout the Class Period, Defendants made false and misleading statements and failed to disclose that: (1) a major customer was reducing its purchases of Applied Optoelectronics' 40G receivers; (2) the loss of this major customer's business would have a severe negative impact on Applied Optoelectronics' financial performance; and (3) as a consequence, Applied Optoelectronics' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased shares during the Class Period and suffered a loss in Applied Optoelectronics, you have until October 4, 2017 to request that the Court appoint you as lead plaintiff.
Additionally, if you have held Applied Optoelectronics shares continuously since at least July 13, 2017, you may have standing to hold the Company harmless from damage the officers or directors are alleged to have caused the Company. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.
If you are interested in learning more about your legal rights and remedies or becoming a lead plaintiff in this case, please contact analyst Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.
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Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
SOURCE Johnson & Weaver, LLP