UNI-PIXEL INC. SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors With
Losses on Their Investment in Uni-Pixel, Inc. of Class Action Lawsuit and the
Deadline of August 5, 2013 to Seek a Lead Plaintiff Position -- UNXL
NEW YORK, June 5, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a
class action lawsuit has been commenced in the USDC for the Southern District
of New York on behalf of investors who purchased Uni-Pixel, Inc. (Nasdaq:UNXL)
stock between December 7, 2012 and May 31, 2013.
For more information, click here: http://zlk.9nl.com/unipixel-unxl/.
The complaint alleges that during the class period, defendants failed to
disclose that: (a) the terms of Uni-Pixel's purported December 2012 licensing
agreement with a "Major PC Maker" were either immaterial or legally
unenforceable; (b) the terms of Uni-Pixel's purported April 2013 licensing
agreement with a "Major Ecosystem Partner" were either immaterial or legally
unenforceable; (c) the terms of Uni-Pixel's purported April 2013 manufacture
and supply agreement with Kodak were either immaterial or legally
unenforceable; and that (d) there were significant design defects in the
Company's UniBoss product. It is further alleged that, due to the
aforementioned, defendants knew the Company's projected sales and earnings
In May 2013, the complaint alleges, the price of Uni-Pixel stock fell
precipitously when the market learned the true state of the Company's business
and operations. In particular, Uni-Pixel stock fell during the Class Period
from a high of $72.54 per share on November 30, 2012, to a close of $15.21 per
share on May 31, 2013.
If you suffered a loss in Uni-Pixel you have until August 5, 2013 to request
that the Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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