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Tech Co. Investor Accuses Executives Of Insider Trading

Law360 (August 7, 2018, 3:05 PM EDT) -- A shareholder for a fiber optics equipment manufacturer accused the company’s directors and officers in Texas federal court on Tuesday of violating the Securities and Exchange Act by misleading shareholders about the company’s falling sales and selling off hundreds of thousands of dollars' worth of shares before the company’s stock value dropped.

Lei Jin, a shareholder of Applied Optoelectronics Inc., claimed on behalf of the company that founder and CEO Chih-Hsiang “Thompson” Lin and other directors and officers were aware that the company was not keeping...
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Case Information

Case Title

Jin v. Applied Optoelectronics, Inc. et al


Case Number

4:18-cv-02713

Court

Texas Southern

Nature of Suit

160(Stockholders Suits)

Date Filed

August 7, 2018

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