Glancy Prongay & Murray LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against Aixtron SE

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) reminds investors that it has filed a class action complaint in the United States District Court for the Southern District of New York on behalf of a class of Aixtron SE (“Aixtron” or the “Company”) (Nasdaq: AIXG) investors who purchased shares between September 25, 2015 and December 9, 2015, inclusive (the “Class Period”). Aixtron investors are encouraged to contact GPM to discuss their legal rights.

On October 13, 2015, the Company issued a press release disclosing that it was revising its previously issued revenue guidance for the full year 2015 from 220 million – 250 million EUR down to 190 million - 200 million EUR due to “a postponement of shipments to a large Chinese customer which were planned for delivery in 2015.” The Company also announced that “[t]hese deliveries are now expected for 2016 depending on the progress of the ongoing milestone based qualification process.”

On this news the Company’s American Depository Receipts (“ADRs”) fell $0.84 per ADR, or 12.8%, to close on October 13, 2015, at $5.71 per ADR, on high trading volume.

Then, on December 9, 2015, the Company issued a press release announcing that it had “reached an agreement with its Chinese customer San’an Optoelectronics regarding a substantial reduction in the volume of AIX R6 MOCVD systems ordered from 50 to the three which have already been delivered.” The Company also disclosed that “the customer’s specific qualification requirements were not achieved.”

On this news the Company’s ADRs fell $3.05 per ADR, or 40%, over two trading days, to close at $4.49 per ADR on December 10, 2015, on unusually high trading volume.

The complaint charges Aixtron and certain of its officers with violations of the federal securities laws. Specifically, the complaint alleges that throughout the Class Period, defendants failed to disclose: (1) that the AIX R6 MOCVD systems that were to be shipped to the Company’s large Chinese customer (San’an Optoelectronics) did not meet the customer’s specific qualification requirements; (2) that, as such, the Company’s agreement with San’an Optoelectronics to ship 50 of the Company’s AIX R6 MOCVD systems to San’an Optoelectronics was unlikely to be executed; (3) that the impending failure to execute the original agreement would have a substantial negative impact on the Company’s prospects; and (4) that, as a result of the foregoing, Defendants’ statements about Aixtron’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

If you purchased shares of Aixtron during the Class Period you may move the Court no later than March 4, 2016 to request appointment as lead plaintiff, or if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160120005430/en/

Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray LLP

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