INVESTIGATION ALERT REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Microchip Technology Incorporated and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

September 18, 2018

LOS ANGELES--(BUSINESS WIRE)--Sep 18, 2018--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Microchip Technology Incorporated (“Microchip” or “the Company”) (NASDAQ: MCHP ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Microchip announced that its merger with Microsemi Corporation (Microsemi) was complete on May 29, 2018, promising hundreds of millions of dollars of synergies and savings based on the combination of Microchip and Microsemi. Just several months later on August 9, 2018, the Company announced that it was “adversely impacted by $226.9 million of Microsemi purchase accounting, restructuring and other charges,” adding that “Microsemi was extremely aggressive in shipping inventory into the distribution channel.” Based on this news, Microchip’s share price fell by more than 10% on August 10, 2018.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at  www.schallfirm.com, or by email at  brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180918005913/en/

CONTACT: The Schall Law Firm

Brian Schall, Esq.

Sherin Mahdavian, Esq.






SOURCE: The Schall Law Firm

Copyright Business Wire 2018.

PUB: 09/18/2018 12:56 PM/DISC: 09/18/2018 12:56 PM


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