EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action Against Rubicon Technology, Inc.

The Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of Rubicon Technology, Inc. (NASDAQ: RBCN) common stock in the Company’s public offering on or about March 19, 2014 (the “Offering”). The lawsuit seeks to recover damages for Rubicon Technology investors under the federal securities laws.

To join the Rubicon Technology class action, go to the firm’s website at http://www.rosenlegal.com/cases-609.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

The lawsuit alleges that the Registration Statement issued in connection with the Offering contained false and/or misleading statements and/or failed to disclose material trends, events and uncertainties known to management, which were reasonably expected to materially impact Rubicon Technology’s income from continuing operations, including: (1) the reversal of its trend of shrinking losses; (2) higher-than-expected development costs; and (3) inventory write-offs due to Rubicon Technology’s inability to sell certain of its wafers during the first quarter of 2014 at prices above their manufacturing cost, which led to an impairment under applicable accounting rules and regulations. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2015. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-609.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Contacts:

The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.