INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Resonant, Inc. (RESN) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Resonant, Inc. (“Resonant” or the “Company”) (NASDAQ: RESN).
The investigation focuses on whether the Company and its executives violated federal securities laws by making materially false and misleading statements regarding the Company’s business, operations, and prospects.
On February 26, 2015, Resonant announced that it has “delivered a completed duplexer design for consideration to our first customer” but the delivered design “does not meet all the specifications in the development agreement” with that customer. Thus, the customer may not use Resonant’s design in the future.
Following this news, Resonant shares declined by $5.07 per share, or more than 32%, to close on February 27, 2015 at $10.40 per share.
If you invested in Resonant stock or options through February 26, 2015 and would like to discuss your legal rights, please contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Resonant’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.