Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline In The Class
Action Lawsuit Against Diodes, Inc.
LOS ANGELES -- April 12, 2013
Glancy Binkow & Goldberg LLP announces that purchasers of the common stock of
Diodes, Inc. (“Diodes” or the “Company”) (NASDAQ:DIOD) between February 9,
2011 and June 9, 2011, inclusive (the “Class Period”), have until May 14, 2013
to file a motion with the Court to be appointed as lead plaintiff. The
shareholder lawsuit was filed in the United States District Court for the
Eastern District of Texas. The Complaint alleges that the defendants 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 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 purchased Diodes, Inc. common stock during the Class Period, you have
until May 14, 2013 to move the Court to serve as lead plaintiff; however, you
must meet certain legal requirements. To be a member of the Class you need not
take action at this time; you may retain counsel of your choice or take no
action and remain an absent Class member. To learn more about this action, or
if you 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, Toll Free at (888) 773-9224,
by e-mail to email@example.com, or visit our website at
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CA
(310) 201-9150 or (888) 773-9224
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