NEW YORK, June 7, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Uni-Pixel, Inc. ("Uni-Pixel" or the "Company") (NASDAQ: UNXL).
The investigation focuses on whether Uni-Pixel made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, the investigation focuses on whether the Company failed to disclose that the terms of several of its licensing and manufacture and supply agreements were immaterial and/or legally unenforceable and that UniBoss, Uni-Pixel's key product, had major design defects.
On May 20, 2013, the Company announced that the appearance of products utilizing UniBoss touch sensors would be postponed from the third to the fourth quarter of 2013, due to the delays of one of its collaborators. Following this news, Uni-Pixel's stock price dropped more than 9.5% to $23.47 per share on May 21, 2013. Then, on May 31, 2013, Uni-Pixel's stock plunged approximately 23% after a Seeking Alpha report raised quality issues with the touch mesh employed in the UniBoss.
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If you invested in Uni-Pixel stock or options between December 7, 2012 and May 31, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/UNXL. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Uni-Pixel's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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