LOS ANGELES–(BUSINESS WIRE)–$MPWR—Glancy Prongay & Murray LLP (“GPM”) continues its 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.
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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 Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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Contacts
Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley F. Portnoy, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com
