Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Uni-Pixel, Inc.

Sat Jul 27, 2013 12:40am EDT

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Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Uni-Pixel, Inc.

The Law Offices of Todd M. Garber announces that investors of Uni-Pixel, Inc. (“Uni-Pixel” or the “Company”) (NASDAQ:UNXL) have until August 5, 2013 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Southern District of Texas. The lawsuit was filed on behalf of a class (the “Class”) comprising all purchasers of Uni-Pixel securities between December 7, 2012 and May 31, 2013 (the “Class Period”).

Uni-Pixel develops and markets fingerprint resistant and hard-coat protective cover films to the display, touch screen, and flexible electronics market segments in the United States. The Complaint alleges that throughout the Class Period the defendants issued false and misleading statements concerning the Company’s business and operations. Specifically defendants misrepresented or failed to disclose that: (1) the terms of the Company’s purported December 2012 licensing agreement with a major PC manufacturer for UniBoss-based touch screens were either immaterial or legally unenforceable; (2) the terms of a purported April 2013 licensing agreement for the Company’s UniBoss touch screen technology were either immaterial or legally unenforceable; (3) the terms of a purported April 2013 manufacture and supply agreement with Kodak for the Company’s UniBoss touch sensors were either immaterial or legally unenforceable; (4) there were significant design defects in the UniBoss product; and (5) as a result, defendants knew the Company’s projected sales and earnings were unattainable.

If you are a member of the above-described Class, you may move the Court no later than August 5, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take action at this time. You may retain counsel of your choice or take no action and remain an absent Class member. If you purchased Uni-Pixel shares prior to the Class Period, or have any questions concerning your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to info@toddgarberlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
213-700-7262
info@toddgarberlaw.com