Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Diodes, Inc.

  Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Diodes,
  Inc.

Business Wire

LOS ANGELES -- March 27, 2013

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been
filed in the United States District Court for the Eastern District of Texas on
behalf of a class (the “Class”) comprising all purchasers of the common stock
of Diodes, Inc. (“Diodes”) (NASDAQ:DIOD) between February 9, 2011 and June 9,
2011, inclusive (the “Class Period”). The Complaint alleges that throughout
the Class Period the Company and certain of its executive officers issued
materially false and misleading statements 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
Complaint alleges that throughout the Class Period the defendants
misrepresented and/or failed to disclose that: (1) the Company’s labor
problems associated with its backend facility in China were much more severe
and prolonged than publicly represented; (2) the Company’s gross margins were
being impacted by higher than expected wages and labor shortages; (3) the
Company was experiencing decreasing demand for its products, especially from
its LED TV and notebook customers; and (4) as a result of the foregoing,
defendants lacked a reasonable basis for their positive statements about the
Company and its prospects.

If you are a member of the Class described above, you may move the Court, no
later than May 14, 2013 to serve as lead plaintiff; however, you must meet
certain legal requirements. If you wish to learn more about this action or
have any questions concerning this Notice or your rights or interests with
respect to these matters, please contact Michael Goldberg, Esquire, of Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, by telephone at (310) 201-9150 or Toll Free at (888)
773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contact:

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
 
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