NEW YORK, March 21, 2008 LAWFUEL – Legal Announcements– 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
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
http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim,
Esq. toll-free at 866-767-3653 or email [email protected] or
[email protected] 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 [email protected] or [email protected]
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