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Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of Investors

Retrieved on:

Thursday, September 7, 2023

Class Action Lawsuit, Professional Services, Legal, Person, Silicon, SIMO, Motion, GPM, News, MaxLinear, Cryptocurrency, Silicon Motion

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO ) investors concerning the Company’s possible violations of the federal securities laws.

Key Points:

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO ) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your Silicon Motion investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Silicon-Motion-Technology-Corporation/ .
On this news, Silicon Motion’s stock price fell $12.84, or 19.6%, to close at $52.51 per share on July 27, 2023, thereby injuring investors.
Whistleblower Notice: Persons with non-public information regarding Silicon Motion should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of Investors

Retrieved on:

Wednesday, September 6, 2023

Class Action Lawsuit, Professional Services, Legal, Silicon Motion, Telephone, Suite, Silicon, SIMO, Motion, News, MaxLinear, Cryptocurrency

Law Offices of Howard G. Smith announces an investigation on behalf of Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO ) investors concerning the Company’s possible violations of federal securities laws.

Key Points:

Law Offices of Howard G. Smith announces an investigation on behalf of Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO ) investors concerning the Company’s possible violations of federal securities laws.
On July 26, 2023, MaxLinear announced that it was terminating a merger agreement with Silicon Motion less than a day after Chinese regulatory authorities had approved the combination.
On this news, Silicon Motion’s stock price fell $12.84, or 19.6%, to close at $52.51 per share on July 27, 2023, thereby injuring investors.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against MaxLinear, Inc. (MXL)

Retrieved on:

Wednesday, September 6, 2023

Class Action Lawsuit, Professional Services, Legal, Silicon Motion, Complaint, LLP, Silicon, American depositary receipt, Mergers and acquisitions, MXL, SIMO, Inc., Person, Motion, MaxLinear, NAND, ADS, Security (finance), Airline

Robbins LLP informs investors that a shareholder filed a class action on behalf of persons or entities that purchased or otherwise acquired American Depository Shares ("ADSs") of Silicon Motion Technology Corporation (NASDAQ: SIMO) between June 6, 2023 and July 26, 2023.

Key Points:

Robbins LLP informs investors that a shareholder filed a class action on behalf of persons or entities that purchased or otherwise acquired American Depository Shares ("ADSs") of Silicon Motion Technology Corporation (NASDAQ: SIMO) between June 6, 2023 and July 26, 2023.
Silicon Motion is a fabless chipmaker that designs, develops, and markets NAND flash controllers for solid-state storage devices.
For more information, submit a form , email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What Now: Similarly situated shareholders may be eligible to participate in the class action against MaxLinear, Inc. Shareholders who want to act as lead plaintiff for the class must file their motion for lead plaintiff by October 31, 2023.

The Law Offices of Frank R. Cruz Announces Investigation of Silicon Motion Technology Corporation (SIMO) on Behalf of Investors

Retrieved on:

Tuesday, September 5, 2023

Class Action Lawsuit, Professional Services, Legal, Silicon Motion, Suite, Silicon, SIMO, Law, Motion, News, MaxLinear

The Law Offices of Frank R. Cruz announces an investigation of Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

Key Points:

The Law Offices of Frank R. Cruz announces an investigation of Silicon Motion Technology Corporation (“Silicon Motion” or the “Company”) (NASDAQ: SIMO ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
On July 26, 2023, MaxLinear announced that it was terminating a merger agreement with Silicon Motion less than a day after Chinese regulatory authorities had approved the combination.
On this news, Silicon Motion’s stock price fell $12.84, or 19.6%, to close at $52.51 per share on July 27, 2023, thereby injuring investors.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Entwistle & Cappucci LLP and Robbins Geller Rudman & Dowd LLP File a Securities Class Action Complaint Against MaxLinear, Inc.

Retrieved on:

Friday, September 1, 2023

The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

Key Points:

The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
A copy of the complaint may be found on Entwistle & Cappucci’s and Robbins Geller’s respective websites below.
of Entwistle & Cappucci at (212) 894-7200 or via e-mail at [email protected] , or J.C. Sanchez, Esq.
of Robbins Geller at (619) 231-1058 or via email at [email protected] .

Silicon Motion Terminates Merger Agreement with MaxLinear and Intends to Pursue Substantial Damages in Excess of the Agreement’s Termination Fee Due to MaxLinear’s Willful and Material Breaches of the Merger Agreement

Retrieved on:

Wednesday, August 16, 2023

MAE, Agreement, Plan, MXL, SIMO, Tripura Merger Agreement, MaxLinear, Policy, Silicon, Motion, Silicon Motion, Singapore International Arbitration Centre, Airline, Holding company, Mergers and acquisitions

TAIPEI, Taiwan and MILPITAS, Calif., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion” or the “Company”) today issued a written notice to MaxLinear, Inc. (NASDAQGS: MXL) (“MaxLinear”), terminating the Agreement and Plan of Merger between the parties dated as of May 5, 2022 (the “Merger Agreement”1).

Key Points:

Silicon Motion’s position is that MaxLinear’s Willful and Material Breaches (as such term is defined in the Merger Agreement) of the Merger Agreement prevented the merger from being completed by August 7, 2023 (the “Outside Date”).
Silicon Motion reserves all of its contractual, legal, equitable, and other rights under the Merger Agreement and otherwise, including but not limited to the right to hold MaxLinear liable for substantial money damages, well in excess of the termination fee as provided in the Merger Agreement, suffered by Silicon Motion as a result of MaxLinear’s Willful and Material Breaches of the Merger Agreement.
Pursuant to Section 7.1(d) of the Merger Agreement, the Company has the right to terminate the Merger Agreement if the completion of the merger contemplated by the Merger Agreement (the “Merger”) did not occur on or before the “Outside Date”.
“MaxLinear’s purported termination of its Merger Agreement with Silicon Motion will be the subject of an arbitration for substantial damages in the Singapore International Arbitration Centre, as provided under the parties’ agreement.

Silicon Motion to Demo Enterprise PCIe Gen5 SSD Controller Solutions and the World's First Automotive PCIe Gen4 SSD Controller with SR-IOV at the Flash Memory Summit 2023.

Retrieved on:

Monday, August 7, 2023

IOV, SIMO, ZNS, NAND, Marketing, Flash memory, VMS, ARM, PCI Express, Automotive industry, SR-IOV, SSD, U.2, Silicon Motion, Silicon, QOS, Personal computer, OCP, Server (computing), TLC, Motion, EDSFF, AIC, QLC, ADAS, TCO, Solid-state drive, ASUS, Data center, Computer data storage, Video game

TAIPEI and MILPITAS, Calif., Aug. 7, 2023 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced it will demonstrate its new PCIe Gen5 SSD controller platform for Enterprise Server and Datacenter as well as the world's first PCIe Gen4 SSD controller with Single Root-IO Virtualization (SR-IOV) for Automotive. The company will also unveil its upcoming PCIe Gen5 controller for PC SSDs. These and other products will be showcased at Flash Memory Summit 2023 from Aug. 8th to 10th, booth #315.

Key Points:

These and other products will be showcased at Flash Memory Summit 2023 from Aug. 8th to 10th, booth #315.
The SM8366 is MonTitan™ platform's high performance, dual ported enterprise and data center PCIe Gen5 x4 NVMe controller.
Silicon Motion will be highlighting key new PCIe Gen5 SSD technologies:
The market's first QLC-based PCIe Gen5 Zoned Namespace (ZNS) SSD enabling high performance, high-capacity SSDs while reducing TCO and improving QoS for sequential storage transactions.
Silicon Motion SM2264XT-AT is an automotive-grade PCIe Gen4 NVMe SSD controller designed to provide exceptional performance and reliability for emerging automotive central computing and ADAS/autonomous architectures.

Silicon Motion Categorically Rejected MaxLinear’s Purported Termination of the Merger Agreement, and the Assertions Made by MaxLinear, in its Letter of July 26, 2023

Retrieved on:

Monday, August 7, 2023

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TAIPEI, Taiwan and MILPITAS, Calif., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion”) today issued a written notice to MaxLinear, Inc. (NASDAQGS: MXL) (“MaxLinear”), in which Silicon Motion categorically rejected MaxLinear’s purported termination of the Merger Agreement, and the assertions made by MaxLinear, in its letter of July 26, 2023.

Key Points:

TAIPEI, Taiwan and MILPITAS, Calif., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion”) today issued a written notice to MaxLinear, Inc. (NASDAQGS: MXL) (“MaxLinear”), in which Silicon Motion categorically rejected MaxLinear’s purported termination of the Merger Agreement, and the assertions made by MaxLinear, in its letter of July 26, 2023.
Silicon Motion will vigorously pursue its remedies, and reserves all rights under the Agreement and otherwise, including but not limited to the right to hold MaxLinear liable for substantial damages.
A copy of Silicon Motion’s notice to MaxLinear is attached as Annex A to this press release.

Silicon Motion Repudiates MaxLinear’s Allegations and Intends to Enforce Merger Agreement

Retrieved on:

Thursday, July 27, 2023

Silicon Motion, State Administration for Market Regulation, Silicon, MXL, SIMO, Motion, MaxLinear, Ceramic, Lease

TAIPEI, Taiwan, July 27, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion”) today announced that Silicon Motion and MaxLinear, Inc. (NASDAQGS: MXL) (“MaxLinear”) received antitrust approval from the State Administration for Market Regulation in the People’s Republic of China (“SAMR Approval”) in relation to the proposed merger between Silicon Motion and MaxLinear (the “Merger”).

Key Points:

TAIPEI, Taiwan, July 27, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NASDAQGS: SIMO) (“Silicon Motion”) today announced that Silicon Motion and MaxLinear, Inc. (NASDAQGS: MXL) (“MaxLinear”) received antitrust approval from the State Administration for Market Regulation in the People’s Republic of China (“SAMR Approval”) in relation to the proposed merger between Silicon Motion and MaxLinear (the “Merger”).
After receiving SAMR Approval, Silicon Motion received a notice of purported termination of the Merger from MaxLinear, and Silicon Motion issued the following statement in response:
“MaxLinear’s eleventh-hour purported termination of its merger agreement with Silicon Motion is invalid and reflects a repudiation of MaxLinear’s obligations rather than any failure of Silicon Motion’s conditions to closing.
In the 15 months since the signing of the merger agreement between the parties, Silicon Motion worked cooperatively with MaxLinear to obtain regulatory approvals for the merger, Silicon Motion complied with its obligations under the agreement and Silicon Motion has not suffered a material adverse effect.
Silicon Motion expects MaxLinear to abide by its obligation under the merger agreement and intends to vigorously enforce its rights under the merger agreement.”

Silicon Motion To Release Second Quarter 2023 Financial Results on July 27

Retrieved on:

Thursday, July 6, 2023

Silicon, Security (finance), SIMO, MaxLinear, Cryptocurrency

TAIPEI, Taiwan and MILPITAS, Calif., July 06, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that it will release its second quarter 2023 financial results after the market closes on July 27, 2023.

Key Points:

TAIPEI, Taiwan and MILPITAS, Calif., July 06, 2023 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that it will release its second quarter 2023 financial results after the market closes on July 27, 2023.
The company will not be conducting its customary earnings conference call due to restrictions associated with the Transaction with MaxLinear, and thus will not be providing updates regarding the Transaction or additional financial details or guidance beyond what will be made available in the earnings press release.
Any further material information relevant to the transaction will be provided in subsequent press releases or public filings with the Securities and Exchange Commission.