NEW YORK, April 3, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a global investor rights law firm, reminds purchasers of Resonant Inc. (Nasdaq:RESN) securities between August 14, 2014 through February 26, 2015 of the important May 18, 2015 lead plaintiff deadline in the class action filed by the firm.
To join the Resonant class action, visit the firm's website at http://www.rosenlegal.com/cases-542.html, or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. The case is pending in the U.S. District Court for the Central District of California.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, Resonant issued materially false and misleading statements to investors and/or failed to disclose that: (1) there were errors in Resonant's financial statements for the three and six months ended June 30, 2014 and 2013; (2) Resonant's disclosure controls and procedures were not effective as of June 30, 2014; and (3) Resonant would be unable to meet Milestone 4 pursuant to its development agreement in the first quarter of 2015. When the truth was revealed to investors, the price of Resonant shares fell, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than May 18, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-542.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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