Press release
Investigation announced for Investors in Silicon Laboratories Inc. (NASDAQ: SLAB) over potential Wrongdoing
An investigation on behalf of investors in Silicon Laboratories Inc. (NASDAQ: SLAB) shares over potential wrongdoing.
Investors who purchased shares of Silicon Laboratories Inc. (NASDAQ: SLAB) 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 concerns whether certain Silicon Laboratories directors breached their fiduciary duties and caused damage to the company and its shareholders.
Austin, TX based Silicon Laboratories Inc., a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. On January 29, 2024, Silicon Laboratories Inc. announced a one-week delay to its scheduled earnings conference call for the quarter ended on December 30, 2023. The company stated that it has identified a material weakness in internal control related to the operation and documentation of certain inventory controls as of December 30, 2023. The delay in reporting is intended to provide additional time to evaluate the impact of the material weakness on the company's financial reporting as of the end of the quarterly period.
Shares of Silicon Laboratories Inc. (NASDAQ: SLAB) declined to $115.35 per share on February 06, 2024.
Those who purchased shares of Silicon Laboratories Inc. (NASDAQ: SLAB) 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.
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