NEW YORK, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Silicon Laboratories Inc. (“Silicon Lab” or the “Company”) (NASDAQ: SLAB) on behalf of Silicon Lab stockholders. Our investigation concerns whether Silicon Lab has violated the federal securities laws and/or engaged in other unlawful business practices.
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On January 29, 2024, Silicon Labs issued a press release "announc[ing] a one-week delay to its scheduled earnings conference call for the quarter ended on December 30, 2023." Silicon Labs stated that it "has determined that a material weakness in internal control related to the operation and documentation of certain inventory controls existed as of December 30, 2023" and that "[t]he delay in reporting allows additional time to evaluate the impact, if any, of the material weakness on the company's financial reporting as of the end of the quarterly period."
On this news, Silicon Labs' stock price fell $7.91 per share, or 6.02%, to close at $123.55 per share on January 30, 2024.
If you purchased or otherwise acquired Silicon Lab shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
