Xilinx, Inc. (XLNX)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Xilinx, Inc. (XLNX)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Xilinx, Inc. (“Xilinx” or the “Company”) (NASDAQ: XLNX). The investigation concerns whether Xilinx and certain of its officers and/or directors have violated federal securities laws.
On September 19, 2019, post-market, Xilinx announced that Lorenzo Flores, the Company’s Chief Financial Officer and Executive Vice President, was “stepping down from his position to pursue another executive opportunity . . . following the company’s second quarter fiscal year 2020 earnings on October 23.” Then, on September 20, 2019, Bank of America downgraded Xilinx to Neutral, citing uncertainties that could limit share upside, increasing competitive pressure in 5G base station silicon, and slower data center ramp. On this news, Xilinx’s stock price fell sharply during intraday trading on September 20, 2019.
If you are aware of any facts relating to this investigation, or purchased Xilinx 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.