SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess
of $150,000 From Investment in Uni-Pixel, Inc. to Contact Brower Piven Before
the August 5, 2013 Lead Plaintiff Deadline -- UNXL
STEVENSON, Md., June 7, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional
Corporation announces that a class action lawsuit has been commenced in the
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,
inclusive (the "Class Period").
If you have suffered a net loss from investment in Uni-Pixel, Inc. common
stock purchased on or after December 7, 2012, and held through any of the
revelations of negative information on May, 11, 2013, May 19, 2013, May 20,
2013, and May 31, 2013, as described below, you may obtain additional
information about this lawsuit and your ability to become a lead plaintiff by
contacting Brower Piven at www.browerpiven.com, by email at
firstname.lastname@example.org, by calling 410/415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
class action cases of over 60 years.
No class has yet been certified in the above action. Members of the Class will
be represented by the lead plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must apply
to be appointed lead plaintiff no later than August 5, 2013 and be selected by
the Court. The lead plaintiff will direct the litigation and participate in
important decisions including whether to accept a settlement and how much of a
settlement to accept for the Class in the action. The lead plaintiff will be
selected from among applicants claiming the largest loss from investment in
the Company during the Class Period.
The complaint accuses the defendants of violations of the Securities Exchange
Act of 1934 by virtue of the defendants' failure to disclose during the Class
Period that the terms of Uni-Pixel's purported licensing and/or manufacturing
and supply agreements with a "Major PC Maker," a "Major Ecosystem Partner,"
and Kodak were either immaterial or legally unenforceable, and that there were
significant design defects in the Company's UniBoss product.According to the
complaint, following a May 11, 2013 article in Barrons that suggested
investors should be wary of the Company's rising stock price in light of
"hefty competition and a history of product disappointments," a May 19, 2013
investigative report that stated that Kodak had deemed the purported agreement
with Uni-Pixel to be so insignificant that it had not filed a Current Report
on Form 8-K with the U.S. Securities and Exchange Commission, the Company's
May 20, 2013 disclosure that the "Major PC Maker" had reported delays with its
operating system software that would delay the appearance of products
utilizing the Company's UniBoss technology, and a May 31, 2013 Seeking Alpha
report that raised significant quality issues with the touch mesh employed in
the UniBoss, the value of Uni-Pixel shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your choice.You
need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
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