LOS ANGELES, CA / ACCESSWIRE / September 6, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MaxLinear, Inc. ("MaxLinear" or "the Company") (NASDAQ:MXL) on behalf of all persons or entities that purchased American Depository Shares ("ADSs") of Silicon Motion Technology Corporation (NASDAQ:SIMO) ("Silicon Motion") 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.
Investors who purchased the ADSs of Silicon Motion between June 6, 2023 and July 26, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before October 31, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, 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 email@example.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.
According to the Complaint, the Company made false and misleading statements to the market. MaxLinear made the decision not to consummate its merger with Silicon Motion due to factors including a downturn in the semiconductor industry and rising interest rates. The Company planned to terminate the merger even if it was approved by China's State Administration for Market Regulation ("SAMR"). The Company planned to argue that conditions of the merger agreement had not been satisfied by May 5, 2023. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about MaxLinear, investors suffered damages.
Join the case to recover your losses.
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.
SOURCE: The Schall Law Firm
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