BENSALEM, Pa.–(BUSINESS WIRE)–$MPWR–Law Offices of Howard G. Smith announces an investigation on behalf of Monolithic Power Systems, Inc. (“Monolithic Power” or the “Company”) (NASDAQ: MPWR) investors concerning the Company and its officers’ possible violations of federal securities laws.
On October 9, 2019, Spruce Point Capital Management published a report alleging that the Company engaged in improper inventory manipulation and overstated sales.
On this news, the Company’s stock fell $6.66, or nearly 5%, to close at $135.15 per share on October 9, 2019, thereby injuring investors.
If you purchased Monolithic Power securities, have information or 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 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 [email protected], or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
