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Investigation announced for Long-Term Investors in shares of United Microelectronics Corporation (NYSE: UMC)

08-15-2019 10:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in United Microelectronics Corporation (NYSE: UMC) shares.

An investigation on behalf of current long term investors in United Microelectronics Corporation (NYSE: UMC) shares.

An investigation on behalf of current long-term investors in shares of United Microelectronics Corporation (NYSE: UMC) concerning potential breaches of fiduciary duties by certain directors and officers of United Microelectronics was announced.

Investors who are current long term investors in United Microelectronics Corporation (NYSE: UMC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: UMC stocks follows a lawsuit filed against United Microelectronics over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: UMC stocks, concerns whether certain United Microelectronics directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that United Microelectronics Corporation conspired with Fujian to steal trade secrets from Micron relating to its research and development of DRAM, that United Microelectronics Corporation hired former Micron employees for the purpose of stealing such information from Micron, that the foregoing conduct placed UMC and certain of its employees at an increased risk of criminal and regulatory investigation by the U.S. government, and that as a result, United Microelectronics Corporation’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of United Microelectronics Corporation (NYSE: UMC) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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