AP NEWS

Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Micron Technology, Inc. Investors (MU)

January 29, 2019

BENSALEM, Pa.--(BUSINESS WIRE)--Jan 29, 2019--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Micron Technology, Inc. (NASDAQ: MU ) (“Micron” or the “Company”) securities between  June 22, 2018 and November 19, 2018, inclusive (the “Class Period”). Micron investors have until  March 25, 2019  to file a lead plaintiff motion.

On November 19, 2018, the  Financial Times  reported that Chinese investigators found “massive evidence” of anti-competitive behavior by Micron and two other companies. On this news, Micron’s share price fell $2.61 per share, or 6.6%, to close at $36.83 per share on November 19, 2018.

The complaint filed in this class action alleges that during the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Chinese State Administration for Market Regulation notified Micron it was investigating dynamic random-access memory (“DRAM”) chip providers in China for potential collusion and other anti-competitive conduct; (2) Chinese investigators had found “massive evidence” of Micron’s anti-competitive behavior; (3) Micron had engaged in a price-fixing conspiracy with Samsung Electronics and SK Hynix; and (4) as a result, Micron’s public statements were materially false and misleading at all relevant times.

If you purchased shares of Micron, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20190129005968/en/

CONTACT: Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Law Offices of Howard G. Smith

Copyright Business Wire 2019.

PUB: 01/29/2019 06:48 PM/DISC: 01/29/2019 06:48 PM

http://www.businesswire.com/news/home/20190129005968/en

AP RADIO
Update hourly