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TMCNet:  Shareholder Rights Law Firm Johnson & Weaver, LLP Continues Its Investigation of Certain Officers and Directors of Uni-Pixel, Inc. Following Announcement of CEO Resignation

[January 28, 2014]

Shareholder Rights Law Firm Johnson & Weaver, LLP Continues Its Investigation of Certain Officers and Directors of Uni-Pixel, Inc. Following Announcement of CEO Resignation

SAN DIEGO --(Business Wire)--

Shareholder Rights Law Firm Johnson & Weaver, LLP today announced that it is continuing to investigate whether certain officers or directors of Uni-Pixel (News - Alert), Inc. (UNXL) violated state or federal laws following the December 30, 2013 announcement that Reed Killion resigned as CEO and as a director of the company.

Mr. Killion's resignation follows the company's November 22, 2013 announcement that the Securities and Exchange Commission issued subpoenas related to its InTouch Sensors Technology. On news of the SEC (News - Alert) subpoenas, shares of Uni-Pixel plummeted approximately 22 percent. The company also faces a class action lawsuit filed on behalf of shareholders who purchased Uni-Pixel between December 7, 2012 and May 31, 2013 (the "Class Period"). The shareholder lass action alleges that during the Class Period, defendants issued materially false and misleading statements regarding the company's financial performance and future prospects, concerning: (1) the nature and commercial potential of the agreements recently entered into by Uni-Pixel with other companies to develop, manufacture and distribute UniBoss; and (2) Uni-Pixel's ability to successfully produce UniBoss in commercially meaningful volumes without serious mechanical failures, and at the price points and margins projected by management.


Just prior to the class action lawsuit being filed, Uni-Pixel stock traded as high as $41.00 per share. Today, however, the stock opened at just $9.79 per share.

If you have held Uni-Pixel shares continuously prior to December 2012, you may have standing to hold the Company harmless from the damage the officers and directors caused by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.

If you are a Uni-Pixel shareholder interested in learning more about the investigation, your legal rights and remedies or if you have information that may assist in our investigation, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-230-0063 Ext.118.

Johnson & Weaver, LLP is a nationally recognized shareholders' rights law firm. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.


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