Microchip

Stock Symbol: 
MCHP
Case Status: 
Recent Cases
Class Period: 
March 2, 2018 to August 9, 2018
Motion Deadline: 
November 16, 2018
26 Days Left to Seek Lead Plaintiff Status

Ademi & O’Reilly, LLP reminds investors in Microchip Technology Inc. (MCHP) of the lead plaintiff deadline of November 16, 2018.

The lawsuit alleges that Microchip made false and misleading statements about the positive potential of its acquisition of Microsemi Corp. because much of Microsemi’s revenue had not been supported by end user demand, but rather resulted from excess distribution into the channel.

As a result of these false and misleading statements, the price of Microchip shares was inflated before falling 10%, to close at $87.41 per share on August 10, 2018, on heavy trading volume.