UniPixel (UNXL -5.1%) slumps after announcing a class-action suit filed against the company in...

|By:, SA News Editor

UniPixel (UNXL -5.1%) slumps after announcing a class-action suit filed against the company in the Southern District of New York has been voluntarily dismissed by the plaintiff. A class-action filed in the Southern District of Texas remains outstanding. Both suits have alleged UniPixel's management violated securities laws by providing false/misleading statements about the company's products and licensing deals. (PR) (previous)