Monteverde & Associates PC Files Class Action Lawsuit On Behalf Of Shareholders Of Xilinx, Inc. In The Northern District Of California
NEW YORK, March 4, 2021 / PRNewswire / –
It is hereby announced that Monteverde & Associates PC has filed a class action lawsuit in The United States District Court for the Northern District of California, Case No. 3: 21-cv-01108-JD, on behalf of the common stockholders of Xilinx, Inc. (“Xilinx” or the “Company”) (XLNX) who hold Xilinx securities, and Xilinx and its directors, Xilinx harm will be made to alleged violations by the Directors of Sections 14 (a) and 20 (a) of the Securities Exchange Act of 1934 (“Exchange Act”) in connection with the sale of the Company to Advanced Micro Devices, Inc. (“AMD”, ” the proposed transaction “).
Under the terms of the Transaction, each Xilinx common share will be converted into 1.7234 AMD common shares (the “Merger Consideration”) per Xilinx common share. The complaint alleges that the merger review was inadequate and that the registration statement (the “Proxy”) was sent to shareholders in violation of Sections 14 (a) and 20 (a) of the Stock Exchange Act. In particular, the complaint alleges that the proxy contains materially incomplete and misleading information regarding: (i) financial projections for Xilinx and AMD; (ii) the valuation research performed by the Company’s financial advisor in support of its fairness opinion; and (iii) the background process leading up to the proposed transaction.
If you want to appear as the lead plaintiff, you have to move the court at the latest May 3, 2021. Any member of the alleged class can induce the court to act as the lead plaintiff through an attorney of their choice, or they can choose to do nothing and remain an absent class member. If you would like to discuss this promotion or if you have any questions about this notice of your rights or interests, please contact Monteverde & Associates PC.
For more information, click here: http://monteverdelaw.com/case/xilinx-inc. It’s free and there are no costs or obligations for you.
About Monteverde & Associates PC
We are a national class action law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate misconduct. We were listed in the top 50 in the ISS Securities Class Action Services Report 2018 and 2019. Our attorneys have extensive experience in litigation in mergers and acquisitions as well as in class action lawsuits against securities. Mr. Monteverde is recognized by Super Lawyers as a rising star in securities litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in any given field. He was also selected by Martindale-Hubbell Best Rated Lawyer 2017-2019. Our firm’s recent successes include changing the law into a major victory that lowered the liability standard under Section 14 (e) of the Stock Exchange Act in the ninth circuit. Thereafter, our company successfully saved that victory by winning the dismissal of an improvised Certiorari letter in the United States Supreme Court. Emulex Corp. against Varjabedian, 139 S. Ct. 1407 (2019). Over the past 3 years, we have withdrawn or secured 10 ordinary cash funds for shareholders in class actions against mergers and acquisitions.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
Tel .: (212) 971-1341
Lawyer advertising. (C) 2021 Monteverde & Associates PC. Past results do not guarantee a similar result with respect to future matters.
SOURCE Monteverde & Associates PC