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/ --
Notice is hereby given 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 common shareholders of Xilinx, Inc. ("Xilinx" or the "Company") (XLNX) who hold Xilinx securities and are harmed by Xilinx and its board of directors' alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "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 share of Xilinx common stock will be converted into 1.7234 shares of AMD common stock (the "Merger Consideration") per share of Xilinx common stock they own. The complaint alleges that the Merger Consideration is inadequate and that the Registration Statement (the "Proxy") provides shareholders with materially incomplete and misleading information with the Securities and Exchange Commission, in violation of Sections 14(a) and 20(a) of the Exchange Act. In particular, the complaint alleges that the Proxy contains materially incomplete and misleading information concerning: (i) financial projections for Xilinx and AMD; (ii) the valuation analyses performed by the Company's financial advisor in support of its fairness opinion; and (iii) background process leading up to the Proposed Transaction.
If you wish to serve as lead plaintiff, you must move the Court no later than May 3, 2021. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action, or have any questions concerning this notice of your rights or interests, please contact Monteverde & Associates PC.
Click here for more information: http://monteverdelaw.com/case/xilinx-inc. It is free and there is no cost or obligation to you.
About Monteverde & Associates PC
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. 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 a particular field. He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). In the past 3 years, we have recovered or secured 10 cash common funds for shareholders in mergers & acquisitions class action cases.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341
Attorney Advertising. (C) 2021 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.
SOURCE Monteverde & Associates PC
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