Vuzix Corporation (NASDAQ: VUZI)

This investigation is for anyone who acquired securities in Vuzix Corporation (NASDAQ: VUZI) from May 10, 2023 through March 27, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by knowing, but failing to timely inform investors that the Company was not continually evaluating the estimates it used in the preparation of its financial statements and that, as a result, the Company would require an “expanded” audit before reporting Fiscal Year 2023 financial results.

On March 27, 2024, Vuzix announced that it would be unable to timely file its 2023 annual report “due to the expanded nature of the audit for 2023 regarding certain transactions and time required to complete it.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Vuzix Corporation (NASDAQ: VUZI) from May 10, 2023 through March 27, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.