Welcome to the In re Resonant Inc. Securities Litigation Settlement Website
Your legal rights might be affected if you are a member of the following Settlement Class:
ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED RESONANT, INC. COMMON STOCK ON THE PUBLIC MARKET BETWEEN NOVEMBER 6, 2014 AND FEBRUARY 26, 2015, INCLUSIVE.
What is this lawsuit about?
Lead Plaintiffs’ Consolidated Second Amended Class Action Complaint (the “Second Amended Complaint”), filed on February 23, 2016, alleges that Defendants violated Sections 10(b) and Section 20(a) of the Securities Exchange Act of 1934. According to the Second Amended Complaint, Defendants violated these statutes by disseminating materially misleading statements about the Company’s ability to complete its core product, the Skyworks Duplexer. Specifically, the Second Amended Complaint alleges that Defendants failed to disclose: (1) the specifications that the Skyworks Duplexer was required to meet; (2) the fact that Resonant could not meet Skyworks’ requisite performance specifications for the Duplexer; and (3) that the final version of the Duplexer submitted to Skyworks was known to be non-compliant with Skyworks’ stated specifications. When this information became public, the Second Amended Complaint alleges that the Resonant's share price declined and shareholders were damaged. The lawsuit seeks monetary damages against Defendants for alleged violations of the federal securities laws. Defendants have denied and continue to deny each and all of the claims and contentions alleged by the Lead Plaintiffs in the Litigation. Defendants continue to assert that they did not violate Sections 10(b) and Section 20(a) of the Securities Exchange Act of 1934, that they did not engage in any conduct that could give rise to any liability to Lead Plaintiffs or the Settlement Class, that none of their statements or omissions caused damages to Lead Plaintiffs or the Settlement Class, and that none of the claimed misstatements or omissions were material.
How do I obtain more information?
If you would like more information, you may contact the Claims Administrator by calling toll-free 1-888-213-8529, emailing firstname.lastname@example.org or mailing a letter to:
In re Resonant Inc. Securities Litigation
c/o JND Class Action Administration
PO Box 6968
Broomfield, CO 80021
A copy of the Notice is available on the Important Documents page. Inquiries should NOT be directed to the Court, the Clerk of the Court, or Defendants.