SIMO - MXL Stockholder Alert: Investors with Large Losses Should Contact Robbins LLP for Information About Recovery Against MaxLinear Inc. (MXL) | Benzinga
SAN DIEGO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors of a class action lawsuit against MaxLinear, Inc. (NASDAQ:MXL) on behalf of persons or entities that purchased or otherwise acquired American Depository Shares ("ADSs") of Silicon Motion Technology Corporation (NASDAQ:SIMO) between June 6, 2023 and July 26, 2023. Silicon Motion is likewise a fabless chipmaker that designs, develops, and markets NAND flash controllers for solid-state storage devices.
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What is this Case About: MaxLinear (MXL) Terminates the Merger with Silicon Motion Technology Corporation (SIMO)
According to the complaint, on May 5, 2022, MaxLinear and Silicon Motion announced the two companies had entered into a merger agreement pursuant to which MaxLinear would acquire Silicon Motion. However, defendants allegedly failed ...