Levi & Korsinsky Announce ARA Lawsuit; ARA Class Action

Class Action News

MCHP Lawsuit; Levi & Korsinsky Announces MCHP Class Action

Levi & Korsinsky, LLP

September 27, 2018

To: All persons or entities who purchased or otherwise acquired securities of Microchip Technology Inc. (“Microchip”) (NASDAQGS: MCHP) between March 2, 2018 and August 9, 2018. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District of Arizona. For more information on the MCHP Class Action (MCHP Lawsuit), please contact us today!

The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Microsemi’s financial performance was underperforming Microchip’s expectations; and (2) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, including positive statements about Microsemi, were materially misleading and/or lacked a reasonable basis.

If you suffered a loss in Microchip you have until November 16, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.