Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Diodes, Inc.
Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Diodes, Inc. Business Wire 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 firstname.lastname@example.org, 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 email@example.com www.glancylaw.com