Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of the Looming Deadline in the Class Action Lawsuit Against Microchip Technology Inc.

BENSALEM, Pa.–(BUSINESS WIRE)–$MCHP #classaction–Law Offices of Howard G. Smith reminds investors of the November
16, 2018
deadline to file a lead plaintiff motion in the class
action filed on behalf of investors that purchased Microchip Technology
Inc. (“Microchip” or the “Company”) (NASDAQ: MCHP)
securities between March 2, 2018 and August 9, 2018,
inclusive (the “Class Period”). Microchip investors have until November
16, 2018, 
to file a lead plaintiff motion.

Microchip investors suffering losses on their Microchip investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On May 31, 2018, Microchip promised investors hundreds of millions of
dollars in synergies following its acquisition of Microsemi Corporation
(“Microsemi”). However, just months later, on August 9, 2018, Microchip
disclosed that the Company’s financial performance was adversely
impacted by the acquisition of Microsemi. On this news, shares of
Microchip declined sharply in value, falling $10.67 per share, more than
10%, to close on August 10, 2018 at $87.41 per share, thereby injuring

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) that Microsemi’s
financial performance was underperforming Microchip’s expectations; and
(2) that, as a result of the foregoing, Defendants’ positive statements
about the Company’s business, operations, and prospects, including
positive statements about Microsemi, were materially misleading and/or
lacked a reasonable basis.

If you purchased shares of Microchip during the Class Period you may
move the Court no later than November 16, 2018 to ask the
Court to appoint you as lead plaintiff if you meet certain legal
requirements. To be a member of the Class you need not take any action
at this time; you may retain counsel of your choice or take no action
and remain an absent member of the Class. If you wish to learn
more about this action, or if you have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.


Law Offices of Howard G. Smith
Howard G. Smith, Esquire


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