BENSALEM, Pa. -- (Business Wire)
Law Offices of Howard G. Smith announces that it is investigating
potential claims against Diodes, Inc. (“Diodes” or the “Company”)
(NASDAQ:DIOD) concerning possible violations of federal securities laws.
The investigation focuses on allegations that certain statements issued
by Diodes between February 9, 2011 and June 9, 2011 were false and
misleading regarding the Company’s business and financial prospects.
Diodes, together with its subsidiaries, designs, manufactures and
supplies application-specific standard products in the discrete, logic
and analog semiconductor markets primarily in Asia, North America and
Europe. The investigation is related to allegations that the Company
misrepresented and/or failed to disclose: (1) labor problems associated
with its backend facility in China that were much more severe and
prolonged than publicly represented; (2) that the Company’s gross
margins were being impacted by higher than expected wages and labor
shortages; and (3) that the Company was experiencing decreasing demand
for its products, especially from its LED TV and notebook customers.
If you purchased Diodes shares between February 9, 2011 and June 9,
2011, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
Source: Law Offices of Howard G. Smith
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