SITM - SITIME ALERT: Bragar Eagel & Squire P.C. is Investigating SiTime Corporation on Behalf of SiTime Stockholders and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against SiTime Corporation ("SiTime" or the "Company") (NASDAQ:SITM) on behalf of SiTime stockholders. Our investigation concerns whether SiTime has violated the federal securities laws and/or engaged in other unlawful business practices.
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On January 25, 2024, SiTime disclosed in a filing with the U.S. Securities and Exchange Commission that the Company "has identified a correction required to be made in its historical condensed consolidated statements of cash flows for each of the first three quarters of 2023. The correction relates solely to the misclassification of ‘interest received upon maturity of held-to-maturity securities' as an investing activity instead of as an operating activity in the ...