Investigation announced for Long-Term Investors in shares of ON Semiconductor Corporation (NASDAQ: ON) over potential Wrongdoing

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

Investors who are current long term investors in ON Semiconductor Corporation (NASDAQ: ON) 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 NASDAQ: ON stocks follows a lawsuit filed against ON Semiconductor Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ON stocks, concerns whether certain ON Semiconductor Corporation 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 District of Delaware the plaintiff alleges that, the Defendants misrepresented and/or failed to disclose that revenues from billions of dollars in reported LTSAs were "committed" and "locked in," and were effectively certain to be obtained by ON Semiconductor Corporation when, in fact, ON Semiconductor Corporation could and would abrogate the LTSAs at a customer's request, that LTSA's provided "predictable" and "sustainable" performance to drive ON Semiconductor Corporation's growth, even in tough macroeconomic conditions, when, in fact, they would be modified or eliminated as conditions changed, that Defendants had "good visibility" into customer demand when, in fact, demand could be reduced on short notice, even where LTSAs were in effect, and that as a result of the foregoing, Defendants' positive statements about ON Semiconductor Corporation's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

Those who purchased shares of ON Semiconductor Corporation (NASDAQ: ON) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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.

This release was published on openPR.