NEW YORK, NY / ACCESSWIRE / February 7, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Alpha and Omega Semiconductor Limited ("AOS" or the Company") (NASDAQ:AOSL). Investors who purchased AOS securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/aosl.
The investigation concerns whether AOS and certain of its officers and/or directors have violated federal securities laws.
On February 5, 2020, post-market, AOS issued a press release announcing its financial results for the second fiscal quarter of 2020. In its press release, the Company also disclosed that the U.S. Department of Justice "recently commenced an investigation into the Company's compliance with export control regulations relating to certain business transactions with Huawei and its affiliates (‘Huawei')" and that "[i]n connection with this investigation, [the Department of Commerce] has requested the Company to suspend shipments of its products to Huawei . . . . Accordingly, we expect the financial performance in the March quarter will be negatively impacted by the Huawei shipment interruption and by additional professional fees incurred in connection with the investigation." On this news, AOS's stock price fell $1.48 per share, or 12%, to close at $10.85 per share on February 6, 2020.
If you are aware of any facts relating to this investigation, or purchased AOS shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/aosl. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC