KGS Announces That a Securities Class Action Lawsuit Has Been Filed Against Maxim Integrated Products, Inc. - MXIM.PK

NEW ORLEANS, LA -- (MARKET WIRE) -- Feb 07, 2008 -- Kahn Gauthier Swick, LLC ("KGS") today announced that a class action lawsuit has been field in the United States District Court for the Northern District of California, on behalf of purchasers of the common stock and options of Maxim Integrated Products, Inc. ("Maxim" or the "Company") (PINKSHEETS: MXIM) (formerly NASDAQ: MXIM), during the period from April 29, 2003 through January 17, 2008, inclusive (the "Class Period").

UNLESS A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.

If you purchased shares of Maxim during the period from April 29, 2003 through January 17, 2008, inclusive, you are urged to contact Lewis Kahn, Managing Partner, KGS, toll free 1-866-467-1400, ext. 100, via cell phone at 504-301-7900, or by email at Email Contact to learn about your legal rights and how this action may benefit you. For further information on KGS, please visit www.kgscounsel.com.

The complaint charges that Maxim and certain of its former officers violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by engaging in improper stock option backdating that caused the issuance of materially false and misleading financial statements during the Class Period.

According to the Complaint, it was only on January 17, 2008, however, that investors leaned the truth about Maxim and the full scope and cost of defendants prior illegal options backdating, when defendants revealed that they would restate the Company's financial statements for a period of over 10 years, and that the Company would be forced to record additional charges of between $550 million and $650 million -- to cover the true costs of the Company's stock-based compensation expenses.

As a result of these adverse disclosures, shares of the Company immediately declined by over 22%.

If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than April 7, 2008. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, or by email at Email Contact. To learn more about KGS, you may visit http://www.kgscounsel.com. KGS focuses its practice on securities class action litigation, and has been appointed lead counsel in numerous federal securities class actions.

SPECIAL NOTICE: Courts will generally appoint only one law firm to prosecute a securities class action on behalf of the shareholders based upon the amount of losses its "lead plaintiffs" have suffered. Accordingly, while KGS urges you to sign up with the firm, KGS also encourages you to carefully evaluate any other firm you may consider to represent your interests in the Maxim class action, should you be considering another firm. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the Maxim action in particular, AND especially the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS.

Contact:
KGS Managing Partner
Lewis Kahn
toll free 1-866-467-1400, ext. 100

Email Contact





Review Article Be the first to review this article
CST: Webinar

Aldec Simulator Evaluate Now

Featured Video
Jobs
Design Verification Engineer for Cirrus Logic, Inc. at Austin, TX
Senior DSP Firmware Engineer for Cirrus Logic, Inc. at Austin, TX
RF IC Design Engineering Manager for Intel at Santa Clara, CA
Principal PIC Hardware Controls Engineer for Infinera Corp at Sunnyvale, CA
Applications Engineer for intersil at Palm Bay, FL
Upcoming Events
Essentials of Electronic Technology: A Crash Course at Columbia MD - Jan 16 - 18, 2018
Essentials of Digital Technology at MD - Feb 13 - 14, 2018
IPC APEX EXPO 2018 at San Diego Convention Center San Diego CA - Feb 24 - 1, 2018
CST: Webinar series



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise