WASHINGTON, June 15 /PRNewswire/ -- The law firm of Finkelstein, Thompson & Loughran announces that a lawsuit has been filed in the United States District Court for the Northern District of California against certain officers and directors of Maxim Integrated Products Inc. (NASDAQ:MXIM) ("Maxim") as a result of allegations concerning improper backdating of Maxim options granted to Maxim employees. Finkelstein, Thompson & Loughran is investigating similar claims at this time and welcomes inquiries from shareholders concerning their rights and interests in this matter.
The Securities and Exchange Commission recently began an informal inquiry into Maxim's stock options grants and practices. This inquiry arose in the wake of news reports indicating Maxim appears to have backdated option grants so their exercise price correlated to a day on or near the day Maxim stock hit its low price for the year, or directly in advance of sharp increases in the price of Maxim stock. These allegations, if true, could potentially require restatement of Maxim's financial reports and could create additional tax and legal liabilities for the Company.
With offices in Washington, DC and San Francisco, CA, Finkelstein, Thompson & Loughran has spent almost three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, in the past ten years, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
If you have any questions concerning this press release or your rights or interests, please contact Finkelstein, Thompson & Loughran's Washington, DC office at (877) 337-1050, or by email at . DATASOURCE: Finkelstein, Thompson & Loughran CONTACT: Finkelstein, Thompson & Loughran's Washington, DC office, +1-877-337-1050, or Web site: http://www.ftllaw.com/
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