Tripp Levy PLLC is a prominent national security law firm. It has announced to investigate potential security claims on behalf of Audioeye Inc (OTCMKTS:AEYE) shareholders. As per the reports, there are rumors that Audioeye might have announced the misleading information concerning its financial results. Tripp Levy will represent the side of Audioeye’s investors and look into this matter to check if the rumors are true or not.
Insights on The Issue:
The issue started a few days ago when Audioeye announced on April 1, 2015 that its financial statements for 1Q2014, 2Q2014 and 3Q2014 would be restated. The company expressed doubts that there were a few errors in those statements, which it needed to look into without any further delay. Audioeye didn’t stop here. Furthermore, it announced that the previously announced preliminary earnings report that came out on January 12, 2015 shouldn’t be relied upon any further.
The report comprised of the financial data of the quarter ended December 31, 2014. Amongst all such depressing and negative news, the company announced that Edward O’Donnell, Chief Financial Officer of Audioeye had resigned from his post. As per the reports, the actual reasons for his resignation were unknown. The series of such announcements had a negative impact on shareholders, who opted to sell company’s stocks. The stock price of Audioeye dropped by 22% right after these announcements was made on April 1, 2015.
Tripp Levy has decided to protect the rights of all the innocent investors who have lost their money due to sudden drop in the prices of company’s stocks. This national security law company has asked all the investors who have lost their money to contact it as soon as possible. By this way, they can try to recover their money, as well as protect their rights in the best possible way.