INVESTIGATION ALERT REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Microchip Technology Incorpora...
September 18 2018 - 12:56PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Microchip Technology Incorporated (“Microchip” or “the
Company”) (NASDAQ: MCHP) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Microchip announced that its merger with
Microsemi Corporation (Microsemi) was complete on May 29, 2018,
promising hundreds of millions of dollars of synergies and savings
based on the combination of Microchip and Microsemi. Just several
months later on August 9, 2018, the Company announced that it was
“adversely impacted by $226.9 million of Microsemi purchase
accounting, restructuring and other charges,” adding that
“Microsemi was extremely aggressive in shipping inventory into the
distribution channel.” Based on this news, Microchip’s share price
fell by more than 10% on August 10, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180918005913/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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