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About the Lawsuit
Applied Optoelectronics and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) purchases of the Company’s 40G receivers by one of its largest customer accounts were being reduced; (ii) this reduction was expected to have a severe negative impact on the Company’s financial performance; and (iii) as a result of the foregoing, Applied Optoelectronics’ financial statements were materially false and misleading at all relevant times.
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