Violations of federal securities laws as a result of a series of materially false statements. The Complaint alleges that AudioEye made false and/or misleading statements and/or failed to disclose that: (a) AudioEye's financial statements contained errors concerning the classification of revenues and expenses; (b) the Company lacked adequate internal controls over its financial reporting; and (c) as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times. Filed in D. Az.
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