SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Alpha and Omega Semiconductor Limited and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / February 29, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Alpha and Omega Semiconductor Limited ("AOS" or "the Company") (NASDAQ:AOSL) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. AOS announced its financial results for the second fiscal quarter of 2020 on February 5, 2020. The Company admitted that the DOJ had "recently commenced an investigation into the Company's compliance with export control regulations relating to certain business transactions with Huawei and its affiliates (‘Huawei')" and that "in connection with this investigation, [the Department of Commerce] has requested the Company to suspend shipments of its products to Huawei . . . . Accordingly, we expect the financial performance in the March quarter will be negatively impacted by the Huawei shipment interruption and by additional professional fees incurred in connection with the investigation." Based on this news, shares of AOS fell by 12% on the next day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm