Investor Alert: The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Aixtron SE ...

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Aixtron SE ("Aixtron" or the "Company") (Nasdaq: AIXG) between September 25, 2015 and December 9, 2015, inclusive (the “Class Period”). Injured investors are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action.

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 that: (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 Aixtron securities during the Class Period you may move the Court no later than March 4, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], toll-free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.

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/20160125005295/en/

Law Offices of Howard G. SmithHoward G. Smith, [e-mail]