Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From
Investment in Diodes, Inc. to Inquire About the Lead Plaintiff Position in
Securities Fraud Class Action Lawsuit Before the May 14, 2013 Lead Plaintiff
Deadline -- DIOD
STEVENSON, Md., March 29, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A
Professional Corporation announces that a class action lawsuit has been
commenced in the United States District Court for the Eastern District of
Texas on behalf of purchasers of Diodes, Inc. ("Diodes" or the "Company")
(Nasdaq:DIOD) common stock during the period between February 9, 2011 and June
9, 2011, inclusive (the "Class Period").
If you have suffered a net loss from investment in Diodes, Inc. common stock
purchased on or after February 9, 2011, and held through June 9, 2011, you may
obtain additional information about this lawsuit and your ability to become a
lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at
email@example.com, by calling 410/415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
class action cases of over 60 years.
No class has yet been certified in the above action. Members of the Class will
be represented by the lead plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must apply
to be appointed lead plaintiff no later than May 14, 2013 and be selected by
the Court. The lead plaintiff will direct the litigation and participate in
important decisions including whether to accept a settlement and how much of a
settlement to accept for the Class in the action. The lead plaintiff will be
selected from among applicants claiming the largest loss from investment in
the Company during the Class Period.
The complaint accuses the defendants of violations of the Securities Exchange
Act of 1934 by virtue of the defendants' failure to disclose during the Class
Period that the Company's labor problems associated with its backend facility
in China were more severe and prolonged than publicly represented, that the
Company's gross margins were being impacted by higher than expected wages and
labor shortages, and that the Company was experiencing decreasing demand for
its products, particularly from its LED TV and notebook customers. According
to the Complaint, following the Company's June 9, 2011 disclosure that it was
lowering its gross margin guidance because of the softening demand and a
slower than expected recovery from manpower shortages at the Company's
packaging facilities, the value of Diodes shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your choice. You
need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
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