Resonant, Inc. (Nasdaq: RESN)


A class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased the common stock of Resonant Inc. ("Resonant" or the "Company") (NASDAQ CM: RESN) between August 14, 2014 and February 26, 2015, inclusive (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the "Complaint").

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. Specifically, the Complaint alleges that the defendants concealed from the investing public that: (1) there were errors in the valuation of warrant liabilities, weighted average shares outstanding and earnings per share, and the notes to the condensed consolidated financial statements for the three and six months ended June 30, 2014 and 2013; (2) the Company's disclosure controls and procedures were not effective as of June 30, 2014; (3) the Company would be unable to meet Milestone 4 pursuant to its development agreement in the first quarter of 2015; and (4) as a result of the foregoing, the Company's financial statements and statements concerning its business operations and prospects were materially false and misleading at all relevant times. 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 February 26, 2015, the Company announced that the completed duplexer design it delivered to its first customer for consideration did not meet all the specifications in the development agreement.

On this news, shares in Resonant dropped almost 33%, closing at $10.40 per share on February 27, 2015, on heavy trading volume.

If you are a current shareholder and/or purchased stock between August 14, 2014 and February 26, 2015, and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.

Personal Information
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Stock Information
Do you currently own the stock? Yes   No
Purchase Date:
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Please Note: Neither the submission to nor the receipt of information by The Law Offices of Marc S. Henzel or one of its attorneys through this website constitutes an agreement by the firm to represent the individual and does not create an attorney-client relationship.