PHILADELPHIA, Sept. 5, 2020 /PRNewswire/ — Kaskela Law LLC announces that it is investigating Microchip Technology Inc. (“Microchip Technology” or the “Company”) (Nasdaq: MCHP) on behalf of the Company’s stockholders.
Recently a shareholder class action complaint was filed in federal court on behalf of investors who purchased shares of the Company’s stock between March 2, 2018 and August 9, 2018. Among other things, the complaint alleges that Microchip Technology and certain executive officers violated the federal securities laws by making a series of materially false and misleading statements to investors about Microchip Technology’s May 2018 acquisition of Microsemi Corporation.
The firm’s investigation seeks to determine whether members of Microchip Technology’s board of directors breached their fiduciary duties in connection with this alleged misconduct.
Current Microchip Technology stockholders who purchased or acquired shares of the Company’s stock prior to March 1,