Violations of federal securities laws as a result of a series of materially false statements. The Complaint alleges that Resonant issued materially false and misleading statements to investors and/or failed to disclose that: (a) there were errors in its financial statements for the three- and six-month periods ended June 30, 2014 and 2013; (b) Resonant's disclosure controls and procedures were not effective as of June 30, 2014; and (c) Resonant would be unable to meet Milestone 4 pursuant to its development agreement in the first quarter of 2015. Filed in C.D. Cal.
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