NEW YORK, April 24, 2015 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of AudioEye, Inc. ("AudioEye" or the "Company") (OTC:
AEYE), concerning whether the board has breached its fiduciary
duties to shareholders.
On April 1, 2015, the Company
issued a press release disclosing that it suffered from "financial
statement issues" and that it would have to remove all revenue
derived from certain non-cash transactions from its financial
statements because, apparently, they had been improperly
recorded. These non-cash transactions represented
$8.1 million in revenue during the
first none months of 2014. As a result, the Company stated it
will be forced to restate its financial statements for at least
2014 and possibly 2013.
The Company also disclosed that due to the "financial statement
issues," it did not expect to timely file its Form 10-K for the
2014 fiscal year or its Form 10-Q for the first quarter of
2015.
Our investigation concerns whether the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing.
If you own AudioEye shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers:
(877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
The law firm responsible for this advertisement is Harwood
Feffer LLP (www.hfesq.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP