LOS ANGELES--(EON: Enhanced Online News)--Goldberg Law PC announces that it is investigating Vuzix Corp. (“Vuzix” or the “Company”) (Nasdaq: VUZI) concerning possible violations of federal securities laws.
“Vuzix Corporation has not maintained effective internal control over financial reporting as of December 31, 2016.”
If you purchased or otherwise acquired Vuzix Corp. shares and would like more information regarding the investigation, we encourage you to click here, or contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
On March 16, 2017, Vuzix announced that it had "determined that material weaknesses in intern control over financial reporting related to the financial reporting and close process monitoring of subsidiaries, and related to inventory existed as of December 31, 2016" and that, "Vuzix Corporation has not maintained effective internal control over financial reporting as of December 31, 2016."
When this information was revealed to investors, the value of Vuzix fell, causing investors harm.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at email@example.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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