NEW YORK, April 15, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that a federal securities class action lawsuit was filed against AudioEye, Inc. (OTC: "AEYE") ("AudioEye" or the "Company") and certain of its officers. The lawsuit was filed in the United States District Court for the District of Arizona, on behalf of all persons or entities that purchased the common stock of AudioEye between May 14, 2014 and April 1, 2015 (the "Class Period").
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) AudioEye's financial statements contained errors concerning the classification of revenues and expenses; (2) the Company lacked adequate internal controls over its financial reporting; and (3) as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.
If you purchased shares of AudioEye during the Class Period and have suffered a loss from your investment in AudioEye common stock and would like to learn more about this lawsuit and your ability to potentially recover your losses, please contact us either by email at [email protected] or by telephone at (800) 511-7037 or visit our website at www.tripplevy.com/participate-in-an-action. Please make sure you identify how many shares you own in AEYE. In addition, if you wish to serve as lead plaintiff, you must move the Court no later than May 5, 2015. If you are a member of this class you can join this class action to potentially recover your losses by contacting us.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, have recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America."
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SOURCE Tripp Levy PLLC