Silicon Motion Technology Corporation American Depositary Shares (NASDAQ: SIMO)
The Complaint alleges that during the Class Period, Defendants made false and misleading statements and engaged in a scheme to deceive the market and a course of conduct that artificially inflated the price of Silicon Motion ADSs and operated as a fraud or deceit on Class Period purchasers of Silicon Motion ADSs by misrepresenting the value of Silicon Motion’s business and prospects by concealing MaxLinear’s conclusions about the Merger and its decision to terminate the Merger Agreement.