NEW ORLEANS, Jan. 25, 2019 (GLOBE NEWSWIRE) – Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Louisiana Chief Prosecutor Charles F. Foti Jr., remind investors that they have March 25, 2019 to file applications for leading claimants in a class of securities claim against Micron Technology, Inc. (NasdaqGS: MU) if they have purchased the Company's shares between 22, 2018 and 19 November 2018 inclusive (the "Class Period"). This action is to be brought to the United States District Court for the South District of New York.
What can you do?
If you have purchased Micron shares and would like to discuss your legal rights and how this case may affect you and your right to recover for your economic loss, you may, without obligation or expense for you, contact the Managing Partner of KSF Lewis Kahn free. on 1-877-515-1850 or by e-mail ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-mu/ to learn more. If you wish to serve as the lead claimant in this class appeal, you must apply to the Court March 25, 2019,
About the case
Micron and some of its executives are accused of not disclosing essential information during the class period, violating federal securities laws.
On May 15, 2018, the Chinese State Market Administration (SAMR) informed the company of the investigation into the anticompetitive behavior of electronic microchip providers. On November 19, 2018, media reports revealed that SAMR had "gathered" massive evidence of anti-competitive behavior "by Micron in a plot to fix prices with Samsung Electronics and SK Hynix.
With this news, Micron's stock price dropped by more than 7%.
The case is Kniffin v. Micron Technology Inc19-cv-00678.
About Kahn Swick & Foti, LLC
KSF, whose associates include Louis L. Charles's former chief prosecutor, is a law firm focused on securities, antitrust and consumer classes, as well as the merger and acquisition and infringement of fiduciary disputes against publicly traded companies on behalf of shareholders, the company has offices in New York, California and Louisiana.
To learn more about KSC, you can visit www.ksfcounsel.com,
Kahn Swick & amp; Foti, LLC
Luis Kahn, Managing Partner
Ul. Poyra 1100, Suite 3200
New Orleans, LA 70163