Business
CLASS ACTION UPDATE for MCHP, MGTI and CPB: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
CLASS ACTION UPDATE for MCHP, MGTI and CPB: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders.
About this update from Mgt Capital Investments, Inc.
[{"type":"text","content":"\nNEW YORK, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.\n Microchip Technology Inc. (NASDAQGS: MCHP) Class Period: March 2, 2018 - August 9, 2018 Lead Plaintiff Deadline: November 16, 2018 Join the action: https://www.zlk.com/pslra-1/microchip-technology-inc-loss-form?wire=3 About the lawsuit: During the class period, Microchip Technology Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Microsemi’s financial performance was underperforming Microchip’s expectations; and (2) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, including positive statements about Microsemi, were materially misleading and/or lacked a reasonable basis. To learn more about the Microchip Technology Inc. class action contact [email protected]. MGT Capital Investments Inc. (OTCMKTS: MGTI) Class Period: October 9, 2015 - September 7, 2018 Lead Plaintiff Deadline: November 27, 2018 Join the action: https://www.zlk.com/pslra-1/mgt-capital-investments-inc-loss-form?wire=3 About the lawsuit: MGT Capital Investments Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Defendants were engaged in an illegal pump-and-dump scheme to artificially inflate MGT Capital’s stock price; (2) the \"Scheme Defendants\"--Defendants Ladd, Honig, Stetson, Brauser, O’Rourke, and Groussman--had a history of engaging in illegal conduct in connection with the purchase and sale of securities; (3) the Scheme Defendants were a “group”, pursuant to Section 13 of the Exchange Act; (4) the Scheme Defendants exercised control over the Company; (5) the Company’s acquisition of D-Vasive Inc. was part of Defendants’ illegal pump-and-dump scheme to artificially inflate MGT Capital’s stock price; (6) Defendants’ illicit scheme caused MGT Capital to make false and misleading statements, which would resu...