NASDAQ GS
AIXG

Aixtron SE

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Aixtron SE (NASDAQ GS: AIXG)

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the American Depository Receipts (“ADRs”) of Aixtron SE (“Aixtron” or the “Company”) (NASDAQ GS: AIXG) between September 25, 2014 and December 9, 2015, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased ADRs of Aixtron during the Class Period and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects.  As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

According to the Complaint, 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.”

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, ADRs in Aixtron plummeted over 40% in the following days, closing at $4.49 per share on December 10, 2015, on heavy trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than March 4, 2016.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

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