Investor Notice: The Rosen Law Firm Representing Maxim Investors in Securities Class...
Investor Notice: The Rosen Law Firm Representing Maxim Investors in Securities
Class Action - Lead Plaintiff Deadline Coming Up -- MXIM
NEW YORK, March 21, 2008 (PRIME NEWSWIRE) -- The Rosen Law Firm reminds persons
who purchased shares or options of Maxim Integrated Products, Inc. ("Maxim" or
the "Company") (Pink Sheets:MXIM) (formerly Nasdaq: MXIM) during the period from
April 29, 2003 through January 17, 2008 that the deadline to ask the Court to be
a lead plaintiff is April 7, 2008, or 17 days away.
While numerous other law firms may have issued notices of this class action,
which was filed by the Rosen Law Firm, it does not appear that any of these
firms have actually filed a complaint on behalf of Maxim investors.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED,
YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN
ABSENT CLASS MEMBER.
To join the Maxim class action, go to the website at www.rosenlegal.com
or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or
email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class
action.
The complaint charges that Maxim and certain of its former officers violated
Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by engaging in
improper stock option backdating that caused the issuance of materially false
and misleading financial statements during the Class Period.
The Complaint asserts that on January 17, 2008, the Company announced that it
would be restating its financial statements to record between $550 million and
$650 million of additional stock-based compensation expense and that its
previously issued financial statements could no longer be relied on. As a result
of these adverse disclosures, the Company's stock price has declined 22%.
A class action lawsuit has already been filed on behalf of Maxim shareholders.
If you wish to serve as lead plaintiff, you must move the Court no later than
April 7, 2008. If you wish to join the litigation or to discuss your rights or
interests regarding this class action, please contact plaintiff's counsel,
Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm has expertise in prosecuting investor securities litigation
and extensive experience in actions involving financial fraud. The Rosen Law
Firm represents investors throughout the nation, concentrating its practice in
securities class actions.
More information on this and other class actions can be found on the Class
Action Newsline at www.primenewswire.com/ca
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CONTACT: The Rosen Law Firm P.A.
Laurence Rosen, Esq.
lrosen@rosenlegal.com
Phillip Kim, Esq.
pkim@rosenlegal.com
(212) 686-1060
1-866-767-3653
Fax: (212) 202-3827
www.rosenlegal.com
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