Investors Have Opportunity to Lead Securities Fraud Lawsuit Against Silicon Motion Technology Corporation

The Law Offices of Howard G. Smith has announced that investors who have suffered substantial losses have the opportunity to lead a securities fraud class action lawsuit against Silicon Motion Technology Corporation (NASDAQ: SIMO). The class period for the lawsuit is from June 6, 2023, to July 26, 2023, and the lead plaintiff deadline is October 31, 2023.

Investors who have experienced losses on their Silicon Motion investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action. They can reach out via phone at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

The complaint filed alleges that throughout the class period, the defendants failed to disclose crucial information to investors. These include a material downturn in the semiconductor industry, rising interest rates, MaxLinear’s intention to unilaterally terminate the merger if approved by Chinese regulatory authorities, and MaxLinear’s plan to argue that certain conditions in the merger agreement had not been satisfied. As a result, the defendants are accused of materially misrepresenting the viability and benefits of the merger, as well as the likelihood of its consummation.

Investors who wish to be part of the class action do not need to take any action at this time. They may choose to retain counsel of their choice or remain an absent member of the class action. For more information about this class action or if there are any questions regarding the pending lawsuit, interested parties can contact Howard G. Smith, Esquire, at the Law Offices of Howard G. Smith.

This press release serves as Attorney Advertising in some jurisdictions under applicable law and ethical rules.

For more details, please visit the Law Offices of Howard G. Smith’s website at www.howardsmithlaw.com.