Monolithic Power Systems, Inc. (MPWR)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Monolithic Power Systems, Inc. (MPWR)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Monolithic Power Systems, Inc. (“Monolithic” or the “Company”) (NYSE: MPWR). The investigation concerns whether Monolithic and certain of its officers and/or directors have violated federal securities laws.
On October 9, 2019, Spruce Point Capital Management (“Spruce Point”) published a report concerning Monolithic, suggesting that the Company had engaged in improper inventory manipulation and overstated sales. Following publication of the Spruce Point report, Monolithic’s stock price fell $6.66 per share, or 4.7%, to close at $135.15 on October 9, 2019.
If you are aware of any facts relating to this investigation, or purchased Monolithic shares, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.