Law Offices of Howard G. Smith Announces Investigation of Advanced Analogic Technologies Incorporated
September 09 2011 - 7:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against Advanced Analogic
Technologies Incorporated (“AATI” or the “Company”) (NASDAQ:AATI)
concerning possible violations of federal securities laws. The
investigation focuses on allegations that certain statements issued
by the Company between May 26, 2011 and September 9, 2011, in
connection with AATI’s May 26, 2011, announcement that it had
entered into a definitive agreement to be purchased by Skyworks
Solutions, Inc. (“Skyworks”) (NASDAQ: SWKS), were false and
misleading.
AATI develops advanced semiconductor system solutions that play
a key role in the continuing evolution of feature-rich, energy
efficient electronic devices. Specifically, the investigation
relates to Skyworks’ September 9, 2011, disclosure that it had
delivered a formal notice of breach to AATI pursuant to the
definitive agreement. On this news, shares of AATI declined $1.29
per share, more than 20%.
If you purchased AATI securities between May 26, 2011 and
September 9, 2011, if you have information or would like to learn
more about these claims, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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