Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Uni-Pixel, Inc.

WAYNE, Pa., June 6, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/unxl) announces that a class action lawsuit has been filed in United States District Court for the Southern District of New York on behalf of purchasers of Uni-Pixel, Inc. ("Uni-Pixel" or the "Company") (NASDAQ: UNXL) common stock during the period between December 7, 2012 and May 31, 2013 (the "Class Period").

(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO )

For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at [email protected] or visit: www.rmclasslaw.com/cases/unxl.

The complaint charges Uni-Pixel and certain of its officers with violations of the Securities Exchange Act of 1934. Uni-Pixel manufactures fingerprint-resistant and hard coat protective cover films for touch screen-enabled devices. Its key product is UniBoss, a copper-mesh film that sits under the glass in touch-sensitive devices, which the Company claims is cheaper to manufacture and more responsive than other competing technologies.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's operations and business. Specifically, defendants failed to disclose that: (i) the terms of Uni-Pixel's purported December 2012 licensing agreement with a "Major PC Maker" were either immaterial or legally unenforceable; (ii) the terms of Uni-Pixel's purported April 2013 licensing agreement with a "Major Ecosystem Partner" were either immaterial or legally unenforceable; (iii) the terms of Uni-Pixel's purported April 2013 manufacture and supply agreement with Kodak were either immaterial or legally unenforceable; (iv) there were significant design defects in the UniBoss product; and (v) as a result, defendants knew the Company's projected sales and earnings were unattainable.

The complaint alleges that the market price of Uni-Pixel's common stock declined precipitously in May, 2013 as the market learned that the Company's business metrics and financial prospects were not as represented during the Class Period, with the stock price dropping from its Class Period high of $41.00 per share on April 17, 2013 to close $15.21 per share on May 31, 2013.

If you are a member of the class, you may, no later than August 5, 2013, request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.

For more information about the case or to participate online, please visit: www.rmclasslaw.com/cases/unxl or contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218, or by e-mail at [email protected].  For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

SOURCE Ryan & Maniskas, LLP